HTL Extends National Program of Sales

Following numerous hotel sales announced in the past week, including Greater Sydney’s Tahmoor Inn and Richmond’s Fitzroy Hotel, along with the Barron River Hotel in Cairns; leading specialist firm HTL Property today confirms the sale of the New Victoria Tavern in Sydney’s Western Suburbs.

Situated in the burgeoning industrial precinct in the one pub suburb of Wetherill Park, the immaculate hotel operation has been sold by the highly regarded Taphouse Group; who recently concluded the sale of both the Port Macquarie Hotel and Tacking Point Tavern on the NSW North Coast.

“Having sold two large format hotels for our client the Taphouse Group already this year, we’re very pleased to continue prosecuting the privately owned group’s strategic divestment strategy with the sale of this significant Sydney property” advised HTL Property’s National Director, Dan Dragicevich.

The highly performing hotel has been acquired by a prominent Sydney investment group in a sign of continued confidence in the sector.

“The national hotel landscape is not immune to the broad challenges faced by all asset classes from time to time, albeit one can mount a firm argument that it is better placed than nearly all others indexed to property and small ticket retail” concluded HTL Property Managing Director, Andrew Jolliffe.

End.