HTL Property Sells Iconic Beachfront Hotel

Following the earlier announcement this week of the boutique firm’s record Sydney pub sale for 2023 in the form of Redcape’s Mount Annan Hotel, leading national brokerage agency HTL Property today confirms the sale of the outstanding Seabreeze Beach Hotel on the NSW Mid North Coast at picturesque South West Rocks.

Owned by the Short family since 2001, the beachside institution and adjoining commercial property holdings have been sold to a NSW based hotel group following an active on-market EOI sale process.

“Multi-generational hotel assets are uncontroversially precious items, and we are always proud to represent them and their revered owners such as the widely respected Short family” advised HTL Property Managing Director, Andrew Jolliffe.

The successful purchaser is the highly regarded and privately owned Hunter Hotel Group, which owns and operates an impressive portfolio of hotels in and around the Newcastle and Central Coast region.

“My entire family has enjoyed a long and favourable history with this wonderful hotel, and as such we have enjoyed our period of stewardship immensely. We wish the new owner every success and look forward to seeing the hotel and the township prosper in the way both so richly deserve” commented Vendor, Ros Short.

“Our marketing for the hotel sought to draw parallels with other beachfront institutions such as those located in Bondi, Manly or Byron Bay; and that is precisely how the market responded to the opportunity. True beachfront hotels such as the Sea Breeze are emblematic of Australian surf culture in its purest form; and are unsurprisingly very rare and therefore aggressively sought after” added HTL Property National Pubs Director, Dan Dragicevich.

The multi-level hotel offering comprises a state of the art bar, restaurant, drive-thru bottle-shop, gaming and substantial accommodation offering; as well as additional well tenanted commercial property holdings providing the opportunity to enact upon an existing approved DA.

“Whilst transaction volumes have traded at a discount to the corresponding period, strategic acquisitions and divestments remain of the utmost importance to all investors who take a view of the market that exceeds the short term” concluded HTL Property Managing Director, Andrew Jolliffe.

HTL Property would not be drawn upon as to the successful price paid, other than to confirm the sale price was in line with market guidance provided throughout the sale campaign.

End.