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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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Brisbane rich lister snaps up popular Noosa hotel


Brisbane rich lister snaps up popular Noosa hotel
The co-founder of a leading youth clothing business has paid $13.9m for a well-known Sunshine Coast hotel, with some of the best views in the region.
Property
by Chris Herde
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A Brisbane property and retail entrepreneur has snapped up one of the Sunshine Coast s favourite pubs with arguably Noosa s best views.
Sources at the auction said Greg Josephson paid $13.9m under the hammer for the two-storey Noosa Reef Hotel which sits on an expansive 5069sq m site.
Based in Brisbane, Mr Josephson with his brother Michael founded Universal Store in 1999 with a their first store in Carindale. ....

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