2010 May be Big Year For Pub Sales

IF the early weeks of 2010 are anything to go by, some major hotel sales should take place this year.

Pub baron Rick Munday is offloading eight hotels in Victoria, in deals expected to reap about $50 million.

Up for grabs is Melton’s Golden Fleece Hotel, the Sugar Gum Hotel in Sydenham, the Grand Hotel in Frankston, the Cove Hotel in Patterson Lakes, and gaming venues in Carlton, Prahran and Melbourne.

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