One of the most significant beachfront projects ever proposed for the small suburb of Miami on the Gold Coast, has taken a major step forward.&nbsp;Monaco Property Group has secured approval for <a href="https://www.apartments.com.au/new-apartments/nalu-miami-122-marine-parade-qld-4220">NALU</a>, a $500 million development comprising just 45 ultra-luxury residences on the iconic former Nobby’s Outlook site.

Acquired by <a href="https://www.apartments.com.au/developers/monaco-property-group">Monaco Property Group</a> in 2024 for $70 million, the rare 7,238 sqm Marine Parade parcel boasts more than 80 metres of uninterrupted ocean frontage.

With approvals now secured, Monaco Property Group will move NALU into its delivery phase. The project has been designed by&nbsp;<a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, who collaborated with&nbsp;<a href="https://www.apartments.com.au/landscape-architect/ldg-landscape-architecture">LDG Landscape Architecture</a> and <a href="https://www.apartments.com.au/interior-designers/tom-mark-henry">Tom Mark Henry Interiors</a>&nbsp;to create the low-rise building, its landscaping, and interiors.

<img alt="NALU" data-entity-type="file" data-entity-uuid="3fdf578e-7cc4-4b17-bbc2-ba853522a5d8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/122_Marine_Parade_002.jpg?VersionId=zFhJWVzX0jmCO.5iIIxNELImHesTjWS4" />

Residences will range from 237 sqm layouts to beachfront homes exceeding 1,400 sqm.

At the heart of the project is a 2,200 sqm lifestyle precinct with a bathhouse, fitness centre and resort-style pool, elevated by a concierge service.

Jonathan Grasso, Co-Founder of Monaco Property Group, said the council approval marks an exciting milestone for NALU, which will launch in Q1 2026.

“The project will now progress toward construction, working alongside our world-class collaborators to bring NALU to life," Grasso said.

“Our vision is to create a legacy project for the Gold Coast, one that not only honours the history of the site but also elevates its future, setting a new standard for coastal living in Australia. NALU embodies the pinnacle of design and location and will stand as an enduring icon of prestige and liveability.”

<img alt="NALU" data-entity-type="file" data-entity-uuid="6ae8545b-87ca-4dea-90ed-ac273ec6515d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Image7.jpg?VersionId=Wnmie4bu3x2WQonnG4Pwmh39NdZVKeOV" />

Originally developed in the 1970s as Nobby’s Outlook and later refurbished in 2019 as Nalu, the property has long held a place in the local community’s coastal identity. The new vision will build on this legacy, creating luxury residences that capture ocean views while fostering a lifestyle defined by wellness, connection, and ease.&nbsp;

Beyond its residential offering, NALU will deliver significant economic benefits to the Gold Coast through job creation and opportunities for local suppliers and contractors. Construction is anticipated to commence in early 2026, with completion expected in Q3 2028.

Joel Robinson

Monaco Property Group approved for $500 million NALU apartments on Miami beach

The most elevated residential tower in Palm Beach, <a href="https://www.apartments.com.au/new-apartments/corallo-palm-beach-5-palm-beach-avenue-palm-beach-qld-4221">Corallo</a>, has officially launched this week, however only a handful of buyers will have an opportunity to buy in to the 17-storey project.

The $200 million mixed-use project includes ground floor dining and retail and is considered so valuable its developer, <a href="https://www.apartments.com.au/developers/changfa-group">Changfa Group</a>, will be staging its release of one-, two- and three-bedroom apartments and penthouses to the market.

[smartcode_project:default project_id=112194 project_image_fid=806]

<a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a> International, Director, David Higgins, said the development’s location just metres from the beach on the corner of Palm Beach Avenue and the Gold Coast Highway influenced the sculptural design by the acclaimed Plus Architecture studio.

“<a href="https://www.apartments.com.au/developments/palm-beach-qld-4221">Palm Beach</a> locals understand the rare opportunity here at Corallo, particularly being the tallest building in the suburb and its proximity to the beach and local restaurants, and they’ve represented the bulk of pre-launch enquiries,” Higgins said.

“The orientation of the apartments captures views of the coastline from Surfers Paradise to Currumbin, and the diversity of floor plans and apartment types provide an exceptional level of choice.

“The first release includes just 59 one-, two and three-bedroom apartments and two half-floor penthouses, with flexible use designed to appeal to both owner-occupiers and investors."

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In addition to the ground floor amenity, residents will also have access to a private dedicated wellness level offering 734 sqm of resort-style amenities including a pool, cold plunge, wet deck, steam room, sauna, gym, day bed, fire pit, barbecue area, dining area and yoga/stretch deck.

The project is located within walking distance of Tallebudgera Creek, Burleigh Heads village, Currumbin Alley and Palm Beach Currumbin High School. The Gold Coast Airport is under 10 minutes away.

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Higgins said Palm Beach remained a hotly contested suburb for home buyers, with prices doubling in the past five years.

“What makes Corallo so appealing to the local market is the diversity of apartment types and pricing, with one-bedroom apartments starting from $841,000 and two-bedroom apartments starting from $1.34 million,” he said.

“The ground floor retail and dining offering will further expand on Palm Beach’s village atmosphere and create a meeting place for locals, and those opportunities for connection are highly valued.”

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The on-site sales display, which includes a fully fitted kitchen, bathroom and bedroom, will be open until early works commence in Q1 2026. Each residence at Corallo will feature premium finishes including natural stone, artisanal brickwork, and warm copper accents.

Changfa Group has a two-decade history of delivering premium developments in Australia and internationally, having recently completed its collection of premium townhomes at Lyra, Hope Island, as well as apartment projects in Leichhardt, Carlingford, and Chatswood in New South Wales.

[smartcode_project_cta:default project_id=112194]

$200 million Corallo Palm Beach launches with limited apartment release

In a move that aligns with NSW's accelerated planning incentives for affordable housing, developer&nbsp;<a href="https://www.apartments.com.au/developers/the-one-collection">One Collection</a> has revised its Hills District apartment plans, and taken it to the NSW Government, to secure approval.

The developer, which is currently delivering Horizon Hurstville, is seeking to add 80 more apartments to its <a href="https://www.apartments.com.au/new-apartments/the-one-castle-hill-16-dawes-avenue-nsw-2154">Castle Hill development</a> near Castle Towers. They already have approval for 280 apartments across eight six-storey buildings.

<img alt="One Collection" data-entity-type="file" data-entity-uuid="b3c298ba-1cc5-4db7-9872-607c75f8ceca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.22%E2%80%AFAM.png?VersionId=wN9KpFIu5ENSGZLLsaZgXQHrXcwEO3Vd" />

Now on the desks of the NSW Department of Planning is 360 apartments, 48 of which will be dedicated to affordable housing.&nbsp;Affordable housing is to be “fully integrated within the building and visually indistinguishable,” according to the planning submission.

The 15,697 sqm block, an amalgamation of 16 sites, spans across Dawes Avenue, Hughes Avenue, and Camdan Crescent, sits 550m from Hills Showground Metro Station.&nbsp;

"The existing context is quickly changing from free-standing homes into residential flat buildings in line with the Hills Showground Precinct planning framework," Place Studio noted.

<img alt="Castle Hill" data-entity-type="file" data-entity-uuid="3ec24948-c185-48fa-af8b-ed25adf302bf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-10-13%20at%2010.19.04%E2%80%AFAM.png?VersionId=zNDX.IeRROX1RlDeYcS38xn8w_dqgU2t" />

They said the design was informed by the site's unique condition of having three street frontages and was developed to to respond sensitively to iots surrounding context.

"The design adopted a conventional perpendicular alignment to the primary street frontage. The massing of the development was carefully modulated to align with the evolving character of the neighbourhood. The design ensured that the scale was not excessive or out of context, but instead contributed to a cohesive urban form consistent with emerging developments in the area."

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The apartment mix will be 46 one-beds, 168 two-bed apartments, and 146 three-bedroom units, with 631 parking spaces proposed.

Along the street frontages, the building heights are four storeys with a 7.5 metre setback, and eight storeys with an 11.5 metre setback. It should cost about $150 million to build.

One Collection works hand-in-hand with the respected development and construction firm Masscon, which has built a reputation for leveraging its expertise in the built environment to take on developments others can't. That's what they're achieving at Horizon Hurstville, having taken over the project to deliver it.

First look: One Collection advances plans for Castle Hill apartments

At Yarra’s Edge, <a href="https://www.apartments.com.au/developers/mirvac">Mirvac</a>’s newest tower under construction, <a href="https://www.apartments.com.au/new-apartments/trielle-at-yarra-s-edge-docklands-16-point-park-crescent-docklands-vic-3008">Trielle</a>, sets a new benchmark for elevated living. Rising 45 storeys, 12.5 metres from the Yarra River, the landmark building offers residents access to a private wellness retreat and spa, a resident-only golf simulator, and an elegant lounge, dining and bar complete with a self-playing piano, all without ever having to leave home.

Now, that sense of elevation has reached new heights with the Aerus Sub-Penthouses, a limited release of half-floor riverfront residences on the Collins St axis where the sought-after street meets the Yarra River.

Each Aerus Sub-Penthouse, located across levels 42 and 43, represents the most expansive offering within Trielle, aside from the yet-to-be-revealed crowning penthouses. Spanning between 269 and 301 sqm, these residences are designed to capture natural light and uninterrupted views of the city skyline, Yarra River, and Port Phillip Bay.

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Among the collection are three-bedroom sub penthouses, complemented by a media room, and expansive four-bedroom layouts. All include panoramic living areas and oversized master suites with luxury ensuites reminiscent of a five-star hotel, complemented by dedicated dressing rooms finished in timber and natural stone.

The interiors have been crafted by <a href="https://www.apartments.com.au/architects/mirvac-design">Mirvac Design</a>, the developer’s award-winning in-house architecture and design team. Every material has been chosen for quality and longevity, from sculpted stone island benches with feature soft wash LED lighting to bespoke joinery and chevron timber oak flooring.

Kitchens are fitted with a BORA induction cooktop with integrated downdraft extractor, alongside Gaggenau appliances, including a fridge, freezer, and wine fridge. The adjoining butler’s pantry incorporates the exclusive Gaggenau Minimalistic Series including oven, steam oven, microwave, coffee machine and warming drawer, all concealed behind handleless glass panels for a clean, integrated presentation. Bathrooms feature custom Apaisar freestanding baths and basins and natural stone benchtops, continuing Mirvac’s design emphasis on tactile, timeless materials.&nbsp;

<img alt="Trielle at Yarra's Edge, Docklands" data-entity-type="file" data-entity-uuid="c00be724-b0f1-47c0-afed-54f829870704" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Aerus%20sub-penthouse.png?VersionId=Uktd61kpLSqNjwJeDFs7IaZ3xgLlDQmu" />

Michael Wiener, Design Director at Mirvac, says The Aerus Sub-Penthouse embodies the apex of Mirvac’s design ethos.

“Moving through your home is like walking on air - a private sanctuary where the craftsmanship is refined, the proportions generous, and the flow so effortless, you feel completely at ease in the sky,” Wiener says.

“In Aerus, we wanted to create a sense of weightlessness - a home that feels suspended in the skyline, full of light, grounded in luxury.”

[smartcode_project:default project_id=114216 project_image_fid=3777]

The Aerus Sub-Penthouses are expected to attract a mix of local and international buyers seeking a long-term residence of scale and quality in a riverfront setting, from returning expats to established families and business owners who value privacy, craftsmanship, and convenience within walking distance of the CBD.

With an unmatched suite of amenities, Trielle is the most extensively appointed development Mirvac has created to date at Yarra’s Edge. Within the tower will be The Oasis, a 900 sqm podium rooftop wellness retreat designed in collaboration with spa expert Naomi Gregory. Located seven storeys above the Yarra River promenade, it features a 25-metre lap pool, spa and sauna, hot magnesium spa, biophilic gym, yoga and Pilates studio, cold-pail contrast treatment, and day spa treatment rooms. Further amenities include a piano lounge, bookable dining room, cinema room, golf simulator studio, games room, teppanyaki bar, dog wash bay, and two flexible work hubs, The Biblioteca library and Mills Place office space, catering to residents’ evolving lifestyle needs.

Construction of the $350 million tower is underway through Mirvac’s in-house construction arm, with completion anticipated for mid-2027.

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Sky-high sanctuaries: Mirvac unveils The Aerus sub-penthouses at Trielle

<a href="https://www.apartments.com.au/developers/jwland-development">JWLand</a>’s De Burgh, the final residential release within the Northbourne Village precinct in Lyneham, is nearing completion just as the Federal Government’s Home Guarantee Scheme prepares for its most significant expansion to date.&nbsp;

From October 2025, the scheme will allow first home buyers to enter the market with just a five per cent deposit and no lenders mortgage insurance (LMI), removing some of the most common barriers to ownership.

With <a href="https://www.apartments.com.au/new-apartments/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a> on track for residents to move in by late spring 2025, the timing creates a strong opportunity for first home buyers seeking brand-new apartments in Canberra’s sought-after Inner North.&nbsp;

[smartcode_project:default project_id=139989 project_image_fid=212888]

The project delivers 350 residences across two buildings, with layouts ranging from compact studios through to one, two, and three-bedroom apartments.

JWLand has tailored the development for long-term liveability, integrating natural light, privacy and outdoor space into each home. Ground-floor residences feature private courtyards, while upper levels benefit from generous balconies.

Kitchens are fitted with Fisher &amp; Paykel appliances, and all apartments include ducted reverse-cycle air conditioning with smartphone app control for lighting and climate.&nbsp;

Shared resident facilities include a rooftop garden, gym, lounge and parcel lockers, alongside landscaped green space within the precinct.

[smartcode_project:default project_id=139989 project_image_fid=267376]

For buyers, the expanded Home Guarantee Scheme removes income caps and introduces unlimited places, making it more accessible than ever. With most De Burgh apartments priced under $1 million, they fall well within the updated eligibility thresholds.

The policy changes provide first home buyers with greater certainty and a smoother path to finance. Combined with the quality and location of De Burgh, the expanded scheme is expected to draw a new wave of buyers to Canberra’s Inner North.

Residents will benefit from the project’s central setting, just 600 metres from the light rail and three kilometres from Canberra’s CBD. The precinct is bordered by the <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands and sits within easy reach of cafes, restaurants, schools and the ANU.

With completion scheduled for late 2025, De Burgh is set to be among the first major apartment projects to meet the expanded scheme head-on, offering first-time buyers a realistic pathway to ownership in one of Canberra’s most connected neighbourhoods.

[smartcode_project_cta:default project_id=139989]

JWLand’s De Burgh aligns with expanded Homebuyer Scheme, opening doors for first home buyers in Canberra’s Inner North

Hotel Sale

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One of Perth’s oldest hotel venues - The Vic Hotel in Subiaco – has been offered for sale with vacant possession.
CBRE Hotels’ Ryan McGinnity and Aaron Desange have been appointed to sell the hotel, which was first opened in 1898.   
After taking over the hotel operations in mid-2019, the freehold owners updated equipment, revitalised the premises and created renewed interest in the venue with the addition of Rocky Ridge Brewing - all with the medium-term goal of selling the venue.
The venue, which is located on approximately 2,000sqm of land and includes 54 onsite car parking bays, last underwent substantial renovations in the 1980s and has since been operated by the likes of Black Toms and the ALH Group.
CBRE’s Ryan McGinnity said Subiaco was earmarked for a major transformation over the coming years, which would significantly benefit local businesses.
“As part of the Subi east development, the demolition of Subiaco Oval has been completed, Bob Hawke Highschool is already planning a student expansion and the demolition on PMH is underway.   Once completed Subi East along with One Subiaco will be home to residential, commercial and retail activity which will transform Subiaco” Mr McGinnity said.
“The Vic Hotel has been part of the fabric of Subiaco for more than 120 years and we expect the opportunity of a ‘blank canvas’ hotel will appeal to many.
"This is the chance to reposition this hotel for the next 20 years and capitalise on the many new residents of Subiaco in coming months and years.”
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j.ballantyne1990-6AQqhLzZaK

Subiaco's Vic Hotel listed for sale with vacant possession

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The Harbord Beach Hotel in Freshwater on Sydney's Northern Beaches has changed hands for the first time in 42 years.
It was bought by Northern Beaches local Glenn Piper, who said it is undoubtedly one of Sydney's greatest pubs.
"I’m so proud to be part of the Northern Beaches community and honoured to help usher this incredible venue into the next phase of its rich and colourful history," Piper said.
“Harbord Beach Hotel has always been a haven that encapsulates Freshwater’s soul and spirit”. 
“It is so much more than a pub; it is an extension of the community, informed by the surf culture that has long been embedded within the name, and we are committed to taking our time and doing it justice”. 
Piper (pictured right), who spent his career in the property industry, has teamed up with a local syndicate of local investors and fellow Northern Beaches resident Lachlan Cottee (pictured left) to buy the hotel, which is set to be refurbished once plans are in place.
They're set to refurbish the kitchen and courtyard area. The building and its facade is heritage-listed.
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The venue was built in 1928 and sits just 100 metres from Freshwater Beach.
Leading hotelier John Thorpe and Trish King bought the property in 1978.
Sean King, son of John and Trish, who has been the general manager of the hotel for the past two decades, he is looking forward to enjoying the pub as a regular.
"My brothers, sister and I were raised in this pub and I have lived opposite for the past 25 years; it is a very special property that means so much to my family and the local community", King said.
"After meeting Glenn, we recognised that he not only has the energy and enthusiasm to bring new life to the venue, but importantly a genuine love for the area that will ensure this local pub remains a local.
"I am very much looking forward to enjoying it as a regular and watch it evolve under Glenn's care and ownership". 
Main article image picture source: Harbord Beach Hotel.
 
 
 
 
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jrobinson-rf4aSBido9

Freshwater's Harbord Beach Hotel sells for first time in over four decades

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The Southern Railway Hotel in Goulburn has sold for $3.6 million to the same syndicate that recently bought the nearby Empire Hotel.
There two recent transactions account for a third of the six pubs in Goulburn which has a population of nearly 30,000.
The Southern Railway Hotel at <a href="https://www.realcommercial.com.au/sold/property-southern-railway-hotel-188-sloane-street-goulburn-nsw-2580-503355490" target="_blank">118 Sloane Street</a>, across the road from Goulburn train station, was established in 1872 as Clifford's Hotel and was renamed the Railway Hotel in 1876.
It later was known as the Great Southern Railway Hotel before becoming the Coolavin Hotel which is still etched on the top of the building's facade.
The hotel has an annual revenue of $2.37 million from its 18 accomodation rooms and downstairs bar and bistro.
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There's nine EGM's, including three outdoor machines.
It was the first time the property sold in 34 years.
It had been owner operated by Jude Bourne since 2003. She bought it in 1985.
HTL Property’s Sam Handy and Blake Edwards handled the marketing.
 
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Goulburn's Southern Railway Hotel sells for $3.6 million

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Investment giant Moelis have entered in to an exclusivity agreement to buy The Beach Hotel in Byron Bay.
They're set to pay just over $100 million.
Moelis Australia, headed by the Sydney Swans chairman Andrew Pridham, will establish a single asset fund following the agreement, with investors to be given the opportunity to invest in the business.
If the transaction proceeds, the Beach Hotel will be managed by Moelis Australia Hotel Management, with the intention to retain the majority of the existing management operations and venue staff.
Moelis Australia Hotel Management CEO Dan Brady called The Beach Hotel Byron Bay an "iconic Australian establishment located on irreplaceable real estate."
"The acquisition of both freehold and operating interests will enable the required capital investment to further enhance what has made the hotel iconic - that is, a great community gathering place with a fun, sociable, friendly and safe hospitality offering delivered by an engage and passionate team of local hospitality professionals," Brady said.
Moelis already own several hotels, but The Beach Hotel Byron Bay will be operated separately. 
Moelis manages ASX listed Redcape Hotel Group and a single asset fund which owns the Grand Hotel in Rockdale.
It was just the second time The ‘Beachie’, as it is often referred to, was offered to the market since it was built in the 1990s by long-time local John 'Strop' Cornell.
<img src="https://www.urban.com.au/images/2019/11/18/Byron%20Bay%20Beach%20Hotel%202.jpeg" alt="">
The business was sold by the Melbourne-based Impact Investment Group, a joint venture between the Liberman and van Haandel families.
The oceanside pub was sold by Impact Investment Group, which owned the freehold, and Melbourne restaurateurs and hospitality figures John and Lisa van Haandel, who owned the business side.
Melbourne restauranteurs and hospitality figures John and Lisa van Haandel have operated the property since 2007. 
It was offloaded by Cornell for $44 million. It last traded for $68.2 million just last year.
Located with over 100 metres frontage overlooking Byron’s Main Beach, the hotel spans a 4,585 sqm area and includes 25 newly-appointed luxury boutique hotel rooms and swimming pool.
It also features a large pub with extensive beer gardens, restaurant, function spaces and bottle shop.
JLL’s national director John Musca, boutique accommodation specialist Tom Gibson secured the sale and JLL's Queensland Vice-President Tom Gleeson secured the sale.
 
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Moelis buys Byron Bay's The Beach Hotel for just over $100 million

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Billionaire hotelier Justin Hemmes is further diversifying his portfolio.
Quiet in the local Sydney pub scene for a while, Hemmes has acquired the Allawah Hotel, one of Sydney's biggest gaming pubs near Hurstville.
The Australian reports he has paid around $34 million.
The hotel was first listed this time two years ago by the White family, with price expectations of more than $30 million.
The Feros family's JDA Hotels arm bought The Allawah Hotel in 2007 before selling it to the White's for $28 million.
Hemmes, who offloaded the <a href="/expert-insights/investing/justin-hemmes-sells-longtime-potts-point-retail-building-pre-auction">family's oldest asset in Potts Point earlier this year,</a> only has two other reported purchases in 2019.
Last month he quietly paid $4,872,500 for Rozelle's 3 Weeds pub.
He plans to open a new Totti's Italian restaurant in part of the property, according to The Australian.
In April he spent <a href="/news/billionaire-hotelier-justin-hemmes-buys-7-5-million-dover-heights-home-for-ex-partner">$7.5 million on a home in Dover Heights</a> for his ex-partner Kate Fowler.
Late last year Hemmes bought <a href="/news/hotelier-justin-hemmes-buys-office-block-redevelopment-next-to-his-ivy-nightclub">the office block next to his Ivy nightclub</a> with grand $1.5 billion redevelopment plans in the pipeline.
 
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Justin Hemmes buys The Allawah Hotel in Sydney's south west

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Manly’s Hotel Steyne has been sold.
Sydney's popular northern beaches pub has been bought by Iris Capital founder Sam Arnaout whose said he was "delighted" to have bought the pub.
"We intend to get a good feel for the asset and work with the locals to return their pub to its former glory," Mr Arnaout said.
It was listed for sale in February.
Arnaout said the Steyne positioned Iris Capital as a "genuine hospitality leader in this part of the world, and complements our macro coastal investment strategy in respect of similar landmark projects such as Newcastle's $700 million East End development".
The Steyne will boost Iris Capital's portfolio to 20 pubs across Sydney, including the Grand Hotel, Bondi Junction; Golden Tiger, Hurstville; Gaslight Inn, Darlinghurst and Peden's Hotel in Cessnock.
Iris Capital beat out other contenders by paying between $60 and $80 million for the iconic pub.
Nine Entertainment suggest it was $65 million.
HTL Property would not be drawn on the sale price, however described it as a “record price” in their official statement.
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The Manly Daily reported the shortlist of five, included two international buyers, two from Sydney and one from interstate.
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It was reduced to a final two.  
The landmark and multi-level beachfront hotel, spread across approximately 2000sqm, was offered by a consortium that comprised businessman John Singleton, hotelier Arthur Laundy and investors Robert Whyte and Mark Carnegie.
They paid about $30 million for the property in 2010, and have reportedly spent about $5 million.
Speaking to the Manly Daily, Mr Laundy said that he was happy with the outcome, both from a sale price perspective and the new buyer.
He said he had bought and sold more than 90 hotels in his almost 60 years as a publican, and Hotel Steyne would easily be in his top 10.
 
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Sam Arnaout buys Manly's Hotel Steyne

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Public House Management Group (PHMG), CEO and founder Mitchell Waugh has sold the Woollahra Hotel and Bistro Moncur.
It has been bought by other members of the Waugh hotelier family headed by his brother Ashton.
An Australian Financial Review report that the Ryan family had paid $50 million was not the case 
Mitchell Waugh and wife Harriet will be stepping away from the Woollahra venues next month to focus on the rest of their portfolio.
Mitchell Waugh has been at the helm of Bistro Moncur and the Woollahra Hotel since the Waugh family purchased the venues in 2015.
Waugh will retain his position at the head of PHMG, owning in entirety the Royal Hotel Paddington, the Marrickville Ritz and The Toxteth.
The reopening of the Toxteth Hotel in Glebe last August followed an extensive six-month refurbishment of the interiors, exterior and an overhaul of the food and beverage offering.
Affectionately known as ‘The Tocky,’ the venue was purchased by PHMG for $22 million-dollars in February 2017 from Geoff Dixon and John Singleton’s Riversdale Group.
“Saying goodbye to Bistro Moncur is bitter-sweet for us, this was our first venture in the restaurant business, and we have thoroughly enjoyed growing in this space," Mitchell said.
"We took some great learnings from restaurant ambassadors Guillaume Brahimi and Damien Pignolet and there is a vision to increase the food offering of the group in the near future."
The Woollahra Hotel, one of the eastern suburbs' iconic celebratory watering holes, has been regarded as one the jewels of the Sydney pub market, having been associated over past decades with the likes of Alan Bond and even Abe Saffron.
It was a depressed market back in 2011 when the White family sold the hotel with rival interest reportedly came from Leon Fink and John Singleton.
On its purchase from the White family, its co-owner Damien Pignolet's services were briefly retained as executive chef at Bistro Moncur.
The rumoured $30 million acquisition in 2015 of The Woollahra by Public House Management Group - fronted by brothers Mitchell &amp; Ashton Waugh - followed other recent acquisitions.
PHMG is now focused on a complete renovation of The Royal Paddington, which Micthell says will involve a “complete overhaul.
Waugh sat down with the Wentworth Courier to reveal he had offloaded his share to two other investors who were part of the original purchase. 
“It feels like a new chapter for me.
"All family companies have problems when they go generational, they come to a point where different personalities, kids, might be the second or third generation, they have to go their own way so I’m very proud that we’ve been able to find a way to do it amicably and move on.
"But now I have my two daughters, who are very stubborn, very strong willed and I need to start thinking about them and establishing.”
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Waugh family reshuffle with Woollahra Hotel ownership

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CBRE Hotels has sold Travelodge Rockhampton to a private Chinese investment group.
The acquisition is the group's first foray into the Queensland hotel market.
The 4-star Rockhampton CBD hotel at 86 Victoria Parade features 74 rooms, as well as four conference and meeting rooms, two food and beverage venues, a swimming pool, gymnasium and parking.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/2/5/rockhampton%202.jpg" alt="">
The asset received multiple offers in the first week of the campaign.
CBRE Hotels said a stock shortage is helping to draw buyer attention to Queensland opportunities as investors are priced out of southern markets. Investors are seeking to capitalise on the Sunshine State’s strong tourism fundamentals and more transactions are expected to take place along the Queensland coast throughout 2019, they noted.
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Travelodge in Rockhampton sold to private Chinese investment group

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A syndicate of five former students from St Joseph's, Hunters Hill has bought the Lady Hampshire Hotel at Camperdown.
The buyers are cellar master, Greg Parker, Chris Traill, former chief concierge of Sydney’s Park Hyatt, Matthew Comensoli, Andrew Rigney and David Vaughan.
They were at the school in the early to mid 1990s.
“From boarding school to the boardroom this group of mates has enjoyed consistent results, with the Lady Hampshire the next chapter to be written in this success story," Parker told the pub website, pubtic.com.au.
The Parramatta Road hotel was sold by hotelier Paddy Coughlan.
Coughlan intends concentrating on his new beverage enterprise, Frank Strongs.
Coughlan retains the Lord Gladstone and Botany View Hotel.
Camperdown’s Hampshire Hotel was reopened in 2016 by Coughlan’s Bourke St group, then rebranded the Lady Hampshire to complement nearby sister venue the Lord Gladstone.
Manenti Quinlan’s Nick Butler brokered the introduction of The Lady to the former St Joseph’s students.
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Paddy Coughlan sells the Lady Hampshire Hotel, Camperdown to Joey's syndicate

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The Bellevue Hotel in Paddington has been bought by Royal Hotels, which is owned and operated by the highly regarded Malouf family.
Vendors for the sale of the Bellevue Hotel, WDS Hotels, had conducted an extensive renovation shortly following its acquisition of the popular hotel in 2014.
“We’ve enjoyed a successful four years of ownership at this great hotel, and following complete renovation and repositioning, formed a decision to focus on our existing portfolio which includes the Fortune of War Hotel, and in doing so to recycle the capital into another opportunity we’re considering,” commented WDS director Steven Speed to The Hotel Conversation.
Paddington, as a hospitality precinct, has proven popular with investors.
Andrew Jolliffe of HTL Property would not confirm the sale price paid.
The Pubtic website suggested around $6.5 million.
Built 1880, the elegant two-storey Bellevue sits on the corner of Hargrave Street and Windsor Lane.
It has gone through a succession of name owners, including John Singleton and Geoff Dixon’s Australian Pub Fund, with operations by Riversdale.
They subsequently sold it to Speed, and partner Peter Walker, in early 2014.
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