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Press Release

Hunter Valley Boutique Hotel Sold

Specialist brokerage firm HTL Property is most proud to announce the successful sale of the award-winning boutique Hotel, Estate Tuscany; located in the heart of the popular Hunter Valley.

HTL Property Directors Nic Simarro and Andrew Jackson handled the sale on behalf of the Gregson family, who have operated the property for the past twenty years.

The grand property comprises thirty-eight spacious rooms with panoramic views of the Brokenback Mountain range, including an award-winning restaurant and bar and is set across twenty-three acres of lush landscape. In addition, there exists two retail shops leased to renowned and outstanding winery, Thomas Wines.

Estate Tuscany was sold via an International Expression of Interest campaign and generated in excess of seventy enquiries; with multiple formal offers submitted at the closing.

“We are beyond happy with the result and the service provided by HTL Property Director’s Nic Simarro and Andrew Jackson” advised Estate Tuscany owner William Gregson.

“Since meeting with HTL, we knew we had appointed the right agents, and this was proven true by virtue of the ultimate sale outcome for the property; which was a very complicated deal to say the least” Gregson added.

The property was sold to a Sydney based investment fund, who plan on upgrading strategic aspects of the asset and continuing the Estate Tuscany journey.

“The buyer pool for regional accommodation has exploded in the past twelve months with not only domestic hotel funds and owner operators seeking this class of asset, but also institutional investors and a new breed of ‘lifestyle investor’” added HTL Property’s Nic Simarro.

The sale of the Estate Tuscany follows HTL Property’s sale of both the Sydney Harbourfront Q Station; and the Blue Mountains located Eagle View Escape.

“As a firm, we are witnessing first hand the unsatisfied market thirst for experiential and unique accommodation offerings in both metro and sub-metro applications” commented HTL Property National Accommodation Director, Andrew Jackson.

“It is our considered view that this pronounced investment behaviour for irreplaceable domestic assets will survive and in fact thrive beyond such as time as internal travel volumes normalize” concluded HTL Property’s Managing Director, Andrew Jolliffe.

 

End.

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