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Happy hour: $45m splashed in three Coast pub sales

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Almost $45m has been splashed on three Sunshine Coast pubs in less than two months as former owners called last drinks.
ALE Property Group recently sold Pelican Waters Tavern and the Noosa Reef Hotel and the Scanlon family also offloaded Surfair at Marcoola in an off-market sale.
Industry heavyweights Hotel Property Investments and Australian Venue Co snapped up the iconic Surfair after a discreet sales campaign by HTL Property s Glenn Price and Brent McCarthy.
It is believed the beachfront hotel sold for $20m.
Having previously sold the hotel to the Scanlon family s Suncoast Hotel Group, Mr Price said it was rewarding to be tapped again to manage the family s exit. ....

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UNVEILED: $1.8m new look and menu for popular tavern

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Just under $2 million later and Chancellors Tavern have a new look venue and menu inspired by the growth of the town.
Renovations on the family-friendly venue in Sippy Downs started in September.
Sunshine Coast Council approved the $1.8 million development application on behalf of Australia Venue Co in July.
The former drive-through bottle shop which had been closed for 15 years was demolished and transformed into a sports bar with TAB facilities including 75 inch TVs.
The gaming room has also been given a refresh.
Venue manager Allyson Moir said population growth and a change in demographic is what prompted the change. ....

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