Balmoral Hospitality Group snaps up two greenfield sites
New pub group, Balmoral Hospitality Group, has purchased two greenfield sites on Australia’s eastern seaboard within a week.
Balmoral Hospitality has acquired a site in Flagstone, a new greenfield development in south-east Queensland; and another on the waterfront of Shellharbour, 100 km south of Sydney. Both sites were acquired through HTL Property.
The new enterprise is headed by Andrew Denmeade and Joel Fisher, formerly of DenFish Hotels, and Sydney hotelier Justin Malouf.
The Flagstone Hotel site is located in the master-planned community of Flagstone, 45km south-east of Brisbane. The suburb is one of Australia’s largest urban-zoned greenfield developments with plans for 50,000 homes for 120,000 residents, with 10,000 people employed within the community. Already, Flagstone is home to approximately 6000 residents.
“Andrew and I are very excited about this opportunity. The growth of the Flagstone area is fast paced, with the new Coles Shopping Centre being constructed alongside the site set to open mid next year. For us, Flagstone has very similar demographics and economic drivers to that of Shellharbour when we purchased that particular site back in 2012 in order to construct and open the Central Hotel. Like the Central Hotel, we plan to develop a family friendly venue at Flagstone that will cater for all ages,” said Fisher.
The site was sold through Glenn Price of HTL Property, in conjunction with Ray White Special Projects. Price described the immensity of the Flagstone development as “one of the most significant community developments in the state of Queensland.”
“Once completed there will exist a 126-hectare city centre, which will include a wide range of services such as retail, commercial, industrial, educational, medical, recreational and civic uses.”
Balmoral Hospitality Group also purchased a waterfront site in Shell Cove this week, an area that they are very familiar with. Denfish Hotels operated the Central Hotel in Shellharbour for several years, before selling the hotel, along with two others, to Redcape twelve months ago.
“We’re excited about the opportunity this world class precinct provides, and with decades of local hospitality experience, our group is ecstatic about winning the tender to deliver what we believe will be the jewel in the crown for the region,” said Denmeade.
At roughly 1400 sqm, the Waterfront Tavern plans include a family bistro area, sports bar with TAB, gaming room, informal indoor and outdoor seating, private dining areas, freestanding bar, open plan kitchen and fireplace seating. Once operational, The Waterfront Tavern will cantilever over the new public boardwalk and marina, and enjoy views of the harbour.
“On behalf of our clients Shellharbour City Council and Frasers Property Australia, we’re delighted the tender process extracted such a high level of offers, culminating in the Balmoral Hospitality Group’s successful bid,” stated HTL Property’s national director of pubs, Dan Dragicevich.
“Balmoral Hospitality Group bring considerable experience to the table, with its directors having developed and successfully opened the nearby Central Hotel, Shellharbour, Headlands Hotel, Hotel Austinmer and famed Gregory Hills Hotel in the past five years.”
The Waterfront Tavern is expected to be completed in 2021.