HTL Property Sells Another North Coast Icon

Specialist agency HTL Property today confirms the iconic Port Macquarie Hotel has been sold to an established hotelier.

The large format CBD mainstay has been the focal point for the Port Macquarie community for in excess of 80 years, and has been sold after 11 years of ownership by the Taphouse Group.

“The materiality of the sale of this nationally recognized hospitality business speaks to both the market confidence and patent quality of offering” advised HTL Property Managing Director, Andrew Jolliffe.

The imposing Art Deco property adorns two commanding levels, comprising 2,878sqm of super-prime commercial property holding across multiple street fronts; and promotes bar, gaming, drive-thru retail liquor, restaurant and accommodation revenue streams.

“Interest in our public EOI process last month drew activity from a national investor landscape, and highlighted the magnetism of multi-revenue faceted hotels in key geographical centres along Australia’s East Coast” added HTL Property Director, Sam Handy.

HTL Property declined to reference the price paid by the successful bidder, other than to confirm market guidance was achieved.

“As a firm we are separately marketing the outstanding Tacking Point Tavern in Port Macquarie, and can confirm negotiations with interested parties remain both ongoing and prosperous” concluded HTL Property National Director, Dan Dragicevich.

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