The land, buildings and business of Hotel Carlton Mill on Bealey Avenue, Christchurch, is on the market A long-established Christchurch motel and hotel business with a perennially popular restaurant on site, Strawberry Fare, is for sale for the first time in 46 years. Members of the Sellers family have owned Hotel Carlton Mill since it started in 1972 and they have decided to retire after nurturing the business for almost five decades. They are offering the land, buildings and motel and hotel business for sale as a going concern. Strawberry Fare operates under a separate lease. The restaurant caters for the accommodation business’ customers including room service as well as diners from outside with the restaurant known also for its specialty desserts. Centrally-located on Bealey Avenue, one of Christchurch’s four main roads surrounding the central city, the hotel is a stone’s throw from the northern end of Hagley Park. The buildings include 27 accommodation units, a conference facility and a restaurant building.
July 9, 2018
One of the north-western suburb’s most prominent hospitality venues – the Anglers Tavern, on the banks of the Maribyrnong River, in Ascot Vale, is for sale as an investment with major development upside. Part of the 8270 sq m site – presumably the valuable open-air car park – could make way for a medium density apartment project being zoned General Residential. The property is being offered with a lease to the venue operator who invested millions of dollars on a refurbishment several years ago. Selling agency Knight Frank described the asset in advertisements as “a thriving hospitality business”. However Stephen Kelly, Danny Clark and Tim Grant declined to comment on any part of the campaign for 2 Anglers Way. It is expected to arouse interest from developers, hoteliers, or hospitality providers.
July 5, 2018
Timaru ratepayers forked out $385,000 for the council to buy a CBD property for its proposed heritage hub. After twice refusing to divulge what it had paid for 132 Stafford St, citing “commercial sensitivity”, the council confirmed the purchase price only after the media obtained the figure from Quotable Value (QV) on Tuesday. QV records show the property, which includes the 150-year-old Excelsior Tavern building, was sold on June 14 for $385,000.
July 4, 2018
An iconic Napier Hill residence which served as a maternity home and midwifery school for decades and now operates as an exclusive five-star luxury lodge – has been placed on the market for sale. With its sweeping view of the ocean and ranges beyond, majestic McHardy Lodge sits on the warm, northerly side of Napier Hill and was originally built in the 1890s as the ‘city residence’ for Scottish immigrant Leslie McHardy who ran a substantial sheep farm known as Blackhead Station some 90 kilometres south of Napier. The McHardy Lodge residence and business at 11 Bracken Street in Napier is now being marketed for sale through an international tender by Bayleys Hawke’s Bay, with tenders closing at 2pm, on 10 August.
June 29, 2018
The sale of the Brisbane in Highgate was finalised this week, six months after Mr Hayward quit his other flagship venue, The Boulevard in Floreat. The buyer of the Brisbane has not been disclosed but it is understood to be the family-owned Prendiville Group, which bought the freehold to the property two years ago. The venue would fit the Prendiville Group’s portfolio, which already boasts a string of refurbished historic hotels including the Rottnest, the Cottesloe Beach Hotel, and the Tradewinds and Norfolk in Fremantle. Mr Hayward is credited with helping transform Perth’s dining and drinking scene via the Brisbane and The Boulevard, formerly the Floreat Hotel, and establishments such as the Monza, Bar One and Luxe Bar. He bought the Brisbane with a group of investors about 15 years ago, spending millions on an 18-month refurbishment which transformed the tired corner pub into one of Perth’s most popular venues.
June 28, 2018
Melbourne-based property investment firm SB & G Hotel Group has on-sold the boutique Brisbane Watermark to Prime Hotels. In March SB & G Hotel Group announced it would buy both the Brisbane and Gold Coast Watermark hotels from Japanese travel company HIS International. But according to sources the 4-star 94-room Brisbane Watermark at 551 Wickham Tce, Spring Hill, has now changed hands for between $20 million and $25 million. Prime Hotels has rebranded its new asset the Park Hotel. Colliers International agents Neil Scanlan and Gus Moors negotiated both deals.
June 22, 2018
The heirs of construction tycoon Len Buckeridge have taken the extraordinary decision to start selling the sprawling BGC empire founded by the entrepreneur more than half a century ago. Theyhave listed two hotels and an office complex in Perth that form part of Buckeridge’s $2.5 billion estate for $500 million. Complex litigation involving 22 parties has split one of Australia’s wealthiest families after some members objected to being left shares in BGC, which was founded by Buckeridge in Perth in the 1960s and is now controlled by his two eldest sons, Sam and Andrew, rather than cash. BGC’s operations have been under a cloud since Buckeridge’s death in 2014. BCG is selling one of Perth’s newest five-star hotels, The Westin Perth, the Aloft Perth hotel and a key office block through JLL Hotels & Hospitality Group managing director Mark Durran. The Westin Perth has 368 rooms, more than 2300sq m of conference facilities and Perth’s largest hotel ballroom, able to cater to up to 520 guests. The Aloft Perth, with 224 rooms, and the adjoining leased office building known as 25 Rowe is also up for grabs and is expected to attract strong interest because of its proximity to Burswood and the new Optus Stadium.
June 19, 2018
ASX-listed Boyuan Holdings has sold its pub holding, the Peachtree Hotel, in the western Sydney suburb of Penrith to hotelier Jason Marlow of Marlow Hotels Group for $16.5 million. The business bought the property last year for $15.5 million and said the sale was part of a strategic review of the business.
