John Singleton

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The $300 million Australian Pub Fund run by John Singleton, Geoff Dixon and Mark Carnegie has sold three Sydney hotels.
The off-market sales totalled a combined $47 million.
The Feros family's JDA Hotels bought the Peakhurst Inn in Sydney's southern suburbs for $22.5 million in a deal negotiated by Andrew Jolliffe of Ray White Hotels.
The Bristol Arms on Sussex Street in Sydney and the Como Hotel in the Sutherland Shire were sold to the family-run Oscars Hotel Group for $19.5 million and $5.6 million respectively, in deals negotiated by JLL Hotels &amp; Hospitality Group's John Musca.
The prices offered for all three pubs were at cap rates below 8%, Geoff Dixon, the former CEO of Qantas told The Australian Financial Review.
APF will soon begin on-market campaigns to sell Newtown's Marlborough Hotel and Kinselas in Surry Hills, with expectations of about $60 million - more than double what they were acquired for by the fund.
Kinselas enjoys strong food and beverage patronage. It also has 30 gaming machines that contribute more than $3 million in annual revenue.
"Capital continues to find its way to the sector where a 400-500 basis point spread still exists between sustainable earnings and the cost of debt. This is an attractive proposition for not just experienced operators but increasingly syndicators as well," Musca said.
The Lone Pine Tavern in Rooty Hill was sold in December by the Feros family after being marketed with expectations above $30 million.
Also in December, Merivale boss Justin Hemmes paid $37.05 million for The Tennyson Hotel in Sydney's south.
<img src="https://www.urban.com.au/images/2016/12/02/Screen%20Shot%202016-12-02%20at%2011.54.15%20AM.png" alt="">
The Tennyson, whose design is illustrative of a Sidney Warden-designed inter-war functionalist structure, fetched a record hammer price for hotels. 
The Ray White Hotels Asia Pacific director Andrew Jolliffe listed the top 100 gaming property, The Tennyson Hotel at Mascot.
Set on Botany Rd, the Tennyson Hotel is a popular hotel with 30 gaming machines.
"Notwithstanding the latest ranking at 87 in NSW, the hotel requires an upgrade," Jolliffe advised. 
The leading hotel architect Paul Kelly has designed a renovation which has DA approval for the vendor John Feros of JDA Hotels.
<img src="https://www.urban.com.au/images/2016/12/02/Screen%20Shot%202016-12-02%20at%2011.53.59%20AM.png" alt="">
The hotel, even in its currently unrenovated state, attracts in excess of $8 million in annual receipts from predominantly high gross profit margin revenue centres.
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Kinselas next hotel to be sold by Singo's Australian Pub Fund

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John Singleton's Killcare beach house has been sold by Gittoes Real Estate, according to the local News Ltd paper, the Gosford Express.
Yesterday's sale price for 80 Beach Drive was not revealed other than the figure “was close to the vendor’s expectations”.
The buyer, a Sydney-based businessman, originally from Queensland, spent somewhere around $4 million on the five-bedroom residence.
Stephen Gittoes and Cathy Baker advised the landmark property attracted over 20 private inspections and 62 email and phone enquiries, with the majority of interest coming from Sydney and overseas buyers who had previously stayed at the prestige holiday rental which secures up to $10,000 per week.
Originally built as a future retirement retreat for Singo and his family, the 73-year-old decided the peace and privacy of his Strawberry Hills acreage in Mount White was more suitable.
Singleton spent $3.85 million for the original cottage in 2011, then commissioning the local architect Karen Burke, master builder Matt Blair and interior designer Chrissie Jeffrey to build the striking new home.
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John Singleton

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