Menu Search Enquire User Menu
Menu Search Enquire User Menu

Press Release

Biggest Sale in Ray White History

The largest pub deal in the last decade came to fruition this week when the ACCC approved the sale of around $400m in hotels to a Woolworth’s consortium.

Ray White Hotels brokered the deal, totalling 32 hotels in New South Wales, and says it’s the biggest property transaction in the Ray White Group’s 110 year history.

Today, the ACCC gave the go ahead on six of the hotels totalling approximately
$125m including pubs in Gymea and Toongabbie.

Ray White Hotels director Andrew Jolliffe has been negotiating on behalf of the
vendors for over 12 months. “It’s the largest off-market purchase in pub-landscape history,” Mr Jolliffe said.“It’s certainly the most significant commercial pub acquisition since the Fosters portfolio was purchased by ALH almost a decade ago.”

Brian White, chairman of the Ray White network – the largest property company in Australia, says the sale is a game-changer.“It has the power to re-position the entire Ray White group. It is the greatest sign of
the dramatic broadening of the Ray White Group over the last ten years,” Mr White
said.

“All the pubs are in NSW with a large number in Sydney. The Woolworth’s consortium (the acquirer is called the Australian Leisure and Hospitality Group) will lease the hotels with the Laundy family continuing to be the owner of the freeholds.

The leases are very long term averaging in the order of 40 years each.” The hotels include the Honeysuckle Hotel, Newcastle; Farmers Home Hotel, Wagga Wagga; Golfview Hotel/Motel and the Harlequin Hotel, 152 – 156 Harris Street, Pyrmont; Blue Cattle Dog, St Clair; and Toongabbie Hotel, Toongabbie.

More information:
Andrew Jolliffe
Mb: 0438 733 447

Join our Mailing List

To stay up to date with New Listings and keep up with Asset Sales please register your details here.
Subscribe

Share

Enquire


First Name*

Last Name*

Email Address*

Phone*

Subject*

Message*

*Required Fields


Join Mailing List

First Name*
Last Name*
Phone*
Email*
Max Price

*Required Fields


Create Account

Property PreviewProperty Search
Welcome to HTL Property.
Sign up here to create your own personalised account with us.
Sign Up