Mathiesons expand empire with Paddington, Woolloongabba pubs
The Mathieson family has snapped up two pubs walking distance to major stadiums.
In Sydney’s Paddington, near Allianz Stadium and the Sydney Cricket Ground, the Bruce Mathieson Group is paying a speculated $13 million-plus for the recently refurbished The Captain.
On 544 square metres at 162 Flinders Street, on the north east corner of Moore Park Road, where it connects with Fitzroy St, the four storey building was offered by a syndicate including local businessman Peter Scott, which paid $10.5m in July, 2021.
Developed in c1914, and known prior to two years ago as the Captain Cook Hotel, the venue contains a refurbished bistro and gaming room with 15 electronic gambling machine entitlements.
There are also 22 backpacker style accommodation rooms.
Savills’ Nick Butler and Tony Bargwanna were the agents.
Mathieson Jnr makes it two at The Gabba
Meanwhile at Woolloongabba, near The Gabba, set to play a significant role in the 2032 Brisbane Olympics, Bruce Mathieson Junior has purchased a modern hotel within the multi-level Gabba Central complex at 803 Stanley St.
The Woolloongabba Hotel, which shares the ground level with Coles and 18 specialty stores, includes a bar, dining area and gaming room with 11 EGMs.
There is also a bottle shop (story continues below).
Mr Butler and Mr Bargwanna were again the agents.
Elsewhere in the suburb, Mr Mathieson Jnr controls the Red Brick Hotel leasehold – which cost a speculated $7m in March.
Expanding empire
Mr Mathieson Jnr took over his father’s position as ALH managing director in June, quitting his role as head of ASX-listed hotel, drinks and gaming business Endeavour Group.
Including companies run by siblings – Black Rhino, and Pubco/Supreme Hotels amongst them – the family controls 45 per cent of Victoria’s poker machine entitlements.
ALH is also the country’s largest pub operator – with more than 350 venues.
Mathieson Group owns 15pc of Endeavour too.
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