A record $2 billion of pubs changed hands in 2021 as the sector rebounded, while Redcape and ALE departed the ASX and Justin Hemmes made his mark in Melbourne.
, the two-storey hotel came with uninterrupted ocean views, a bistro, restaurant and bottleshop.
More importantly, the well-known surfing spot is only a 25-minute drive from Byron Bay. It was one of a number of regional acquisitions made by the Laundys and their investment entourage during the year, includingSurfs up: The Lennox Hotel overlooks the beach at Lennox Head.
“Melbourne is a very special city, with a unique energy and an inimitable soul,” said the Merivale CEO. The seven-storey brick and bluestone building is home to the trendy Mill House Bar and RestaurantHTL Property’s Andrew Jolliffe brokered the deal. Mr Hemmes doubled down on his push into Victoria two months later buying theThe Lorne Hotel, which dates back to 1920, is now part of the Merivale group.Regional pub sales at record prices were a major feature of 2021.
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