Hospitality

Hospitality group EVT Group has acquired hotel management company Pro-Invest Hotels for $74 million to seed the launch of its own brand management business.

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.