Hospitality News & Trends

Hospitality news, insights & industry trends.

Melbourne’s oldest pub sold in $92m deal
Another wealthy Melbourne family has taken advantage of soaring prices for top commercial assets, with Morry Schwartz and his family selling a hotel and historic pub for close to $100 million combined.
Dreamworld crowd numbers on the improve: chairman
Theme park and entertainment centres operator Ardent Leisure was on the mend after a period of turmoil, new chairman Gary Weiss told the company’s annual general meeting on Monday.
Holiday Inn to be Geelong’s first new hotel in 20 years
Geelong’s first new hotel in nearly two decades is set to open in 2020 following a deal with global hotel brand Holiday Inn.
Double profit: Pub family sells Hurstville Ritz for second time
The Bowden Group has reaped $90 million from the sale of its two Sydney hotels, the Hurstville Ritz and the Cabramatta Hotel, in a record pub deal for the year.
Pub baron snares Melbourne’s Royce Hotel for $55m
Prominent Melbourne hotelier and pub baron Mazen Tabet has agreed to terms to buy Melbourne’s luxury Royce Hotel in St Kilda in a deal worth about $55 million, even though market expectations for the boutique property were initially put at more than $60 million. 
Unique venue: Manly ferry could be yours
It’s seen better years, but this former Manly Ferry — currently docked at Berrys Bay — has been listed for sale.
Brothels a beacon for commercial property investors
Brothels remain hot property on the commercial property market, with a number of well-known and longstanding venues currently for sale.
Historic lease: Jack’s Magazine a blast from the past
When it comes to Australia’s most unique commercial properties, this one might take the cake. The chance to lease and revitalise the historic Jack’s Magazine site in Melbourne looms as a once in a lifetime …
Is it last drinks for Geelong’s Eureka Hotel?
The Eureka Hotel will close for the last time this month as owner and former Geelong mayor Darryn Lyons puts the pub on the market with $3 million-plus price hopes.
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