NewsBite

Pubs

This Month

The Hotel Australasia last sold for $1.65m in 2022.

Sydney developer snaps up last Virtical pub in first trade of 2025

Sydney developer Lyon Group has bought the Hotel Australasia for $4.1m from receivers, after more than $1bn of NSW pubs changed hands in 2024.

  • Larry Schlesinger
Virtical owner John Palasty at his home in East Hills in Sydney’s west in September 2024.

Virtical boss may have acted as shadow director after resigning

Administrators say John Palasty controlled key accounts and operations despite resigning from the company that owned Hotel Australasia and a luxury resort project.

  • Max Mason and David Marin-Guzman

December 2024

Want to buy a regional pub? This is what you need to know

Investors are getting back into regional pubs. In a tight economy, they have to focus on a local market, but also have a longer-term bet on real estate.

  • Michael Bleby

Rich Lister Sam Arnaout caps year with mega Sydney pubs deal

The real estate magnate has bought Sydney’s Cabramatta Hotel and the El Cortez Hotel in a transaction worth more than $180 million.

  • Nick Lenaghan
HPI owns 62 venues, mostly leased to Australian Venue Co or a joint venture between AVC and Coles.

Charter Hall’s pursuit pays off as pubs giant accepts $760m bid

After months of opposing the offer, the board of listed pubs landlord Hotel Property Investments has recommended that investors accept the deal.

  • Campbell Kwan
Advertisement
The Commercial Hotel in Brisbane is one of three pubs acquired by Redcape.

Redcape bolsters pub portfolio with triple Brisbane swoop

MA Financial’s hospitality group bought the three venues for a combined $66 million following a recent string of asset sales.

  • Larry Schlesinger
The Windsor Castle Hotel is one of two pubs owned by Tracey Lester.

Popular Melbourne pub business collapses

Administrators are seeking buyers for businesses that operated The Carlton Club in the Melbourne CBD and the Windsor Castle Hotel in the inner suburbs.

  • Larry Schlesinger
Jon Adgemis has been under pressure to refinance his pub empire.

The mystery twist in Adgemis’ fight with Gazal

A long list of Sydneysiders and Melburnians would be keen for the details of the stoush.

  • Max Mason and Primrose Riordan
The Camelia Grove Hotel was purchased for $8.6m in 2020.

Solotel takes charge of three Public Hospitality venues

Under a deal with receivers, the group will operate The Norfolk in Redfern, Oxford House in Paddington, and Camelia Grove Hotel in Alexandria.

  • Larry Schlesinger
Billionaire Bruce Mathieson snr says it is ‘stupid stuff’ by Endeavour Group’s smaller rival to steer clear of Australia Day celebrations at its venues.

Pubs billionaire lashes rival’s ‘appalling’ Australia Day stance

Bruce Mathieson says it is “stupid stuff” for rival Australian Venue Co, with 234 venues, to steer clear of Australia Day celebrations.

  • Simon Evans

November 2024

Australian Venue Co CEO Paul Waterson says trading has improved across the 234 venues since late September.

Pub spending up since grand final week

The boss of Australia’s second-largest pubs group, Australian Venue Co, says Christmas bookings are up 16 per cent and cocktails and spirits sales now equal beer.

  • Simon Evans
HPI owns 58 venues, mostly leased to Australian Venue Co or a joint venture between AVC and Coles.

Charter Hall calls for independent valuer in HPI takeover fight

The property giant and its partner, super fund Hostplus, have extended their takeover bid for a third time in an effort to get more investors onside.

  • Campbell Kwan
Jon Adgemis’ private yacht Hiilani, which was once owned by Hollywood star Shirley Temple.

Commonwealth Bank takes control of Jon Adgemis’ yacht

The boat was built in 1974 in Italy and was advertised for sale in 2010 with a price tag of $2.85 million.

  • Primrose Riordan and Sarah Thompson
HPI managing director John White is considering partnerships with other pub operators.

HPI in talks to buy six pubs as it defends against takeover bid

The group is considering co-investing in hotels alongside “top tier” operators.

  • Larry Schlesinger
HPI owns pubs like the Regatta Hotel in Brisabane.

EV chargers, fast food key to pub giant’s growth plan

Hotel Property Investments directors will tell shareholders about plans to install EV chargers to enhance earnings amid a takeover battle with Charter Hall.

  • Larry Schlesinger
Advertisement
Endeavour CEO Steve Donohue said the outlook for the consumer remains uncertain, and discounting remains elevated at its bottle shops.

Endeavour warns on profits amid sluggish liquor store sales

The owner of Dan Murphy’s and BWS is still ahead of the market and next biggest competitor, but increased discounting is hurting margins and earnings.

  • Updated
  • Carrie LaFrenz

October 2024

The Eumundi portfolio includes the Plough Inn on Brisbane’s South Bank.

Rich Lister Nick Politis lobs $77m takeover bid for Qld pub owner

Eumundi Group’s portfolio includes the Ashmore Tavern on the Gold Coast, the Aspley Central Tavern in Brisbane’s north and the Plough Inn on South Bank.

  • Larry Schlesinger
The Adelphi Hotel on Melbourne’s Flinders Lane sold at 24pc discount to its last purchase price.

Virtical’s Adelphi Hotel sold for discounted $19m

Collapsed pub and hotel developer and operator Virtical bought the boutique Melbourne hotel on Flinders Lane for $25 million in 2023.

  • Larry Schlesinger
Better days: Jon Adgemis (left) with Guy Grossi outside the Clifton Hotel at Melbourne’s Kew Junction.

Celebrated chef Guy Grossi distances himself from Jon Adgemis

His company could join other parties that the Public Hospitality Group boss once worked with that have already walked away.

  • Primrose Riordan
WA is the only state with a lower level of double doses than Queensland.

Charter Hall empty-handed after ‘best and final’ offer for pub owner

Charter Hall and Hostplus have failed to convince the board of Hotel Property Investments after they lifted their offer by 5.5 per cent to $3.85 per unit.

  • Updated
  • Larry Schlesinger

Original URL: https://www.afr.com/topic/pubs-hqh