HTL Property Sells An Iconic Sydney Harbourside Hotel

In a continuation to the theme of favourable conditions for traditional hotel transactions nationally, leading specialist agency HTL Property today announces the successful off-market sale in the form of Woolloomooloo’s iconic Frisco Hotel.

The sale by agents Sam Handy and Andrew Jolliffe represents a long-time, ornate hospitality offering in the historical Sydney Harbour edged suburb of Woolloomooloo; and in doing so, informs the market with respect of a fertile transactional landscape for the asset class.

The sale of The Frisco Hotel was via an off-market trade to MA Financial’s Redcape Hospitality.

“Early life in Sydney centred around public houses (pubs) in populous harbourside suburbs such as Woolloomooloo; and in doing so, created the physical and social architecture around which communities sought to orbit” advised HTL Property CEO, Andrew Jolliffe.

“As such, investors and patrons remain in equal parts drawn by the magnetism of both the robust trading history, and the proud physical permanence of hotels such as the Frisco” Jolliffe added.

“As evidenced by the recent sales of both the Courthouse Hotel in Newtown and the White Cockatoo in Petersham, investor appetite for city-fringe hospitality assets has been exceptionally strong in the first half of the year” Handy concluded.

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