Developer Goldfields Group has purchased the Quality Resort in Western Australia’s Sorrento Beach in a $31 million off-market sale.
Melbourne’s Park Hyatt Hotel has been sold to Thai group KS Hotels for a reported $200 million, in Australia’s biggest hotel deal of the year so far.
A company owned by pub baron and former KPMG partner Jon Adgemis has lost its bid to set aside a $5 million default judgment over a 2020 loan agreement.
Following the death of the 85-year old founder of famed Machiavelli Ristorante in Sydney, siblings Paola Toppi and Walter Toppi have racked up almost $1 million in legal costs fighting over the $2 million estate.
Pub owner O’Hara Hotel Group has sold the Parkurst Tavern in Rockhampton to a privately owned Queensland pub group for a reported price of $24 million.
Entertainment giant EVT has put its landmark Sydney CBD Event Cinemas complex on the market.
Mayne Pharma has said it will file a court challenge to the validity of US drug maker Cosette Pharmaceuticals’ purported termination of a $672 million takeover offer.
The Beach Hotel in Byron Bay has reportedly changed hands for $140 million — the second highest price paid for an Australian pub.
Hotel construction company Reward Group has secured a win in a dispute with the owners of the Seasons of Perth Hotel over progress payment claims, with a judge finding an adjudicator did not err in ordering the release of performance bonds, but more questions over the release of the bonds remain on foot.
A contractor for a proposed $100 million country club near Perth has lost a round in a legal battle that has stalled the project, losing a bid for a freezing order against the landowner.