OHG makes its first pub acquisition

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 pub 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. Moussi kicked off his career in hospitality at age 21, managing a team of coffee carts at weekend footy matches, athletic meets and boat shows before buying his first bricks and mortar business. OHG now generates revenue of more than $30 million a year. 

“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,” 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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Categories: Property