Pubs Commercial Property News

Sydney’s pub market is continuing its golden run with Oscars Hotels snapping up the Harold Park Hotel in inner city Forest Lodge for about $6 million, capping a week in which about $60 million worth of pubs changed hands.

A plan to build 52 apartments in a 13-storey building on the site of the Welcome Stranger Hotel in Harrington St has been rejected by a Hobart City Council planning committee after council officers recommended it be refused.

Drummoyne’s Oxford Hotel has a new owner with publican Arthur Laundy paying $42 million for the popular establishment.

Publican Brian Perry is set to offload the Harbour View Hotel in the Rocks, following his decision to put it on the market.

Cashed-up from poker-machine profits, Australian hoteliers are revolutionising the industry, turning local pubs into buzzing village hubs designed to attract everyone from fine diners to preschoolers to mother’s groups and those looking to “pick up” a romantic date.

Distilleries are injecting some spirit into regional Victorian property markets, new research shows.

Melbourne-based boutique investment house Pentagon Group has swooped on three Tasmanian pubs sold by the wholesale EBC Hotel & Leisure Fund in a deal worth about $30 million.

An enforcement order compelling developers to rebuild the pub was found “not to be legally sound”, clearing the path for future development.

Moreland’s oldest hotel, a Sydney Rd landmark, has hit the market.