Another form of brew to its stable with Robert Burns Hotel sold to OHG
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Another form of brew to its stable with Robert Burns Hotel sold to OHG
Smith Street Collingwood Robert Burns Hotel sold to Only Hospitality Group (OHG) by CBRE Hotels’ Mathew George.
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CBRE Hotels -
CBRE Hotels
Julien Moussi’s expanding Only Hospitality Group (OHG) has snapped up the leasehold of Melbourne’s Robert Burns Hotel in Collingwood with plans to take the property in a new direction.
CBRE Hotels’ Mat George negotiated the sale of the Smith Street leasehold, which has 16 years remaining.
A name change to Hotel Collingwood has already been flagged ahead of an upcoming facelift.
It is the first pub acquisition for the former VFL footballer’s group, which operates a string of cafes and a coffee roasting facility – Inglewood Coffee Roasters.
“The sale followed a short, sharp and competitive process, with OHG outbidding several groups to secure the lease at a time when the Melbourne pub sector is starved of decent opportunities and a line-up of cashed-up buyers are waiting in the wings,” Mr George said.
“OHG will undertake a facelift of the property in a few months’ time to further boost the strong weekly revenue it has reported since re-opening.”
The renamed Hotel Collingwood is positioned among a series of new residential and retail developments. It comprises the front bar, dining and function spaces, a bistro and beer garden.
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