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RED ROCK LEISURE LAUNCHES ALL HANDS BREWHOUSE
Red Rock Leisure, one of Australia's most diverse hospitality groups,
opened All Hands Brewing House in Sydney in late November.
The group purchased the King Street Brewhouse in Sydney's Cockle
Bay almost four years ago, and shut the venue down six months ago for a
re-think of the space.
"We thought we could get a lot more out of the site by redesigning,"
stated Annette Verhoeff, group operations manager for Red Rock Leisure.
"How we have positioned the bar [has changed], which is much more
visually appealing as you walk in. There's more service points for those
busy periods, where in the past we were constrained by the way the bar
was orientated and we just couldn't serve enough people in a quick enough
amount of time. We've also created these different spaces where can have
private events or more intimate dining spaces. And just creating lots of
little pockets of interest for people so they'll find their space where they're
comfortable in the venue."
ALL HANDS BREWS
The 10-hectalitre brewery is led by brewer Sam Clayman, who has been
retained from King Street Brewhouse. A core range of five beers -- a lager,
stout, IPA, a low-ABV and the popular Wood Duck cream ale from the King
St Brewhouse days -- will be brewed consistently, as well as three rotating
seasonal beer styles such as a saison. Four large holding tanks have also
been installed behind the bar to allow an increase in production.
Verhoeff told Australian Hotelier that the strategy was to create
approachable, sessionable craft styles, due to the location of the venue.
"Because of our location, we can't be super-crafty. It's not overly
mainstream either -- we have lots of interesting brews. So [Sam's] got lots
of creativity but he understands that the beers have to be approachable
"Even our IPA has a lower ABV, it's not at the high end. It's not overly
hopped, it's very approachable. It has the great characteristics of what an
IPA is without blowing someone's head off with alcohol and bitterness."
With prime real estate on King Street Wharf on the edge of the CBD, the
location has always been a massive attraction for tourists and domestic
day-trippers, but Verhoeff says that the demographic mix is changing.
"Before we closed -- and we think will continue when we re-open --
we did have a big local following of people that live, and mainly work
in the area. Especially now with Barangaroo, there are so many more
office spaces going up around here. Our week day lunches are all
pretty much corporate. We're in the nice position of having a mix of the
walking-past trade of tourists and locals and day trippers. It's a great
Stephen and Louise Bowden have sold two of their hotels in off-market
transactions for a grand total of $90 million, while Redcape have just
acquired $100m worth of hotels.
In the record transaction of the year, the Hurstville Ritz Hotel and
Cabramatta Hotel have both been divested by the group for $45 million
each. John Morrison of Sydney Hotel Brokers negotiated the sales of both
hotels on behalf of the Bowden Group.
The Hurstville Ritz Hotel has been sold to Nelson Meers Hotel Group.
The Bowden Group had a long history with the venue, having first
acquired the pub, formerly known as Shanney's in 1979 from Tooth &
Co. The hotel was sold in 2007 for $52 million, with the Bowden Group
repurchasing the venue for $30.5 million in 2011.
Morrison and Bowden released a joint statement on the transaction.
"John Morrison and Stephen Bowden wish the purchasers of both
hotels all the best in their newly acquired hotels.
"In addition Stephen would like to thank his daughter and general
manager Alana Bowden, his dedicated loyal staff (licensee Colleen
Banschikoff and manager Jimmy Lawton), his legal adviser (Ryan Watts,
solicitor director of Slater & Elias Lawyers), and all the loyal Hurstville Ritz
Hotel patrons over the nearly 40-year reign at the Hotel by the Bowdens."
The freehold for the Cabramatta Hotel has been acquired by Moelis
Australia Redcape Hotel Group (Redcape), who held the leasehold of
the venue. Redcape has been acquisitive of late, having also purchased
Andergrove Tavern in Mackay, Queensland for $13.15 million, and
the Crescent Hotel in Fairfield, Sydney, from private owners for $40
million. The three acquisitions total just under $100 million.
John Musca of JLL Hotels & Hospitality negotiated the Mackay and
Fairfield pub transactions on behalf of Redcape, and speaking of the
Crescent Hotel in particular said: "In what has rapidly become the most
tightly held asset class in the country, the hotel profile appears a natural
fit for the purchaser's core operating strengths".
JLL Queensland manager Tom Gleeson, also praised Redcape's
purchase of Andergrove Tavern.
"It's tremendous to see such confidence in a regional hotel opportunity
from experienced operators who intimately understand the vagaries of
The Andergrove Tavern was sold by local businessman John Cowley.
BOWDEN, REDCAPE IN MASSIVE TRANSACTIONS
(l-r): Stephen Bowden,
John Morrison and Ryan Watts
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