Hospitality News & Trends

Construction scion Daniel Grollo has blamed the NSW government for Grocon’s collapse, but has told creditors he’ll fight on to recover funds.

From caravan parks to country pubs and old world farming estates, there has been healthy demand for commercial property during the coronavirus pandemic. 

The new owners are expected to rev up the parks ahead of the holiday season, as pandemic-related restrictions are dropped.

Industrial sites, warehouse listings and a massage parlour proved popular in last week’s commercial listings on realcommercial.com.au.

The top end of the pub market has shrugged off almost all signs of the pandemic, with Sydney’s Narwee Hotel selling for $45m, a 2020 record.

For those partial to a flutter and a frothy, property analysts say now may be the perfect time to make your move, with a plethora of Australian watering holes currently on the market, especially in country towns.

A Top End fishing lodge and adventuring business in the Tiwi Islands continued to attract prospective buyers, sparking an astounding amount of interest in the commercial property market last week.

Hotelier Justin Hemmes’ Merivale Group has paid about $32 million for Randwick’s the Duke of Gloucester Hotel, known as The DOG.

Sydney publican Sam Arnaout of Iris Capital has snared the biggest hotel deal of the year paying around $180m for 17 hotels.