IN THE NEWS
1. Pittwater RSL converts carpark into rooftop bar
Pittwater RSL launched its highly anticipated rooftop bar, ‘The Deck @ Pitty’ on Friday 12 November to hundreds of keen Northern Beaches locals.
“Since the first lockdown, we’ve received feedback from customers, and we’ve heard across the industry that people prefer to be outdoors when the option is available to them. We looked at the space available to us and the upper deck of our carpark was the perfect location for a rooftop bar” said CEO Jason Manning
The Pittwater staff played a big part in the vision and evolution of The Deck @ Pitty during lockdown which helped to keep staff employed and has injected a youthful sense of fun into the rooftop bar setting with a graffiti mural, games, multiple bars including a vintage bus bar, and festoon lighting.
The Deck boasts 3 bars including a bar stocking the popular, locally made ‘Mexink’ margarita cocktails hailing from Mexicano Restaurant in Narrabeen.
www.pittwaterrsl.com.au/thedeckatpitty
2. Crown receives $8.5 billion takeover bid
Crown resorts has received a fresh takeover bid from United States private equity firm Blackstone for a total of $8.5 billion. Blackstone already owned 10% of Crown’s shares
The offer is $12.50 per share, a minimal rise from Blackstone’s previous offer of $12.35 a share which was made in July.
The share price is expected to rise due to Blackstone’s offer, but the current offer is below the $14 per share The Star offered Crown earlier this year
Read more here>>>
3. Regional Pub sells for Metro price – Orange
Arthur Laundy and two co-investors have cashed in on strong demand for pubs in regional NSW, selling Orange’s historic Canobolas Hotel for a record $25 million to the Sukkar family, owners of construction group Buildcorp.
Mr Laundy shared equal ownership of the imposing 82-year-old art deco hotel on Summer Street in the heart of Orange with fellow publicans Mark Dalton and Philip Tudor. The trio, which jointly own another historic Orange hotel, The Gladstone on Byng Street, paid just $3 million for the Canobolas Hotel in 2003.
The circa $25 million sale, confirmed by well-placed industry sources, set a record price for a pub in Orange, a booming country town known for its gourmet food and wine.
Read more >>>> www.commercialrealestate.com.au/news/arthur-laundy-sells-orange-pub-for-record-25m-1105017/
