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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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Classic surf comp looms as crucial cash injection for club


With 4-5ft waves forecast across the weekend the stage had been set for one of the great Pa and Ma Bendalls.
It s one of the longest running events in Australia, if not the world and there s a real rich history of competitors and people that have surfed in it over the years, Mr Landsberg said.
Taj Stokes was a previous winner of the junior final.
 
The likes of Wayne Rabbit Bartholomew and Hawaiian star Gerry Lopez have contested the long-running event.
Finals were set to run on Sunday, before the always popular presentations and after-party at Currimundi Hotel.
We look at it as well as an opportunity for us to raise vital funds for our club especially on the back of a huge amount of money that we d spent on defending the planning application through planning court as well, Mr Landsberg said. ....

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