Newcastle Trophy, the Delany Hotel for sale by HTL Property

Following a string of local sales, HTL Property is proud to bring to market long time Newcastle favourite, The Delany Hotel. Affectionately known by locals as ‘the Del’, the stately hotel occupies a prominent retail corner at the heart of Cooks Hill’s hospitality precinct; and presents an opportunity to acquire a truly generational Newcastle Hotel asset.

Spread over an expansive 1,685sqm* site, few competitors in the rapidly growing city enjoy the trading scale of the two-level Delany; which also benefits from a large council car park directly to its rear.

Having undergone a $2.5m renovation to the public bar and gaming room, the operation is already producing weekly revenues in excess of $200,000; with stage 2 Luchetti Krelle renovation plans in place to modernise the ground floor bistro areas, as well as the first floor bar. Currently only trading to midnight, there is also an application in place for this to be extended to 2am; in-line with the hotel’s liquor licence.

“We’ve seen remarkable buyer appetite in our recent and successful campaigns for the sale of the Beach Hotel in Merewether, the Northumberland in Lambton and the Beauford in Mayfield. The Beach in particular drew engagement from pub groups across the country, and we wholly expect a similar range of diverse and deliberate interest in the Del” advised HTL Property National Director, Dan Dragicevich.

“The patent renaissance of Newcastle as a true capital city has been well documented, with Cooks Hill positioned to benefit from the myriad infrastructure and private development projects on its doorstep” Dragicevich added.

The sale process for Newcastle’s Delaney Hotel comes at a time in the national hotel market where transactional volumes have already surpassed the record level set in 2021.

“In 2022 hotels, in particular, have attracted both sophisticated and experienced capital sources looking to house investments in a cash flow accretive asset class which also promotes the inviolability of commercial property ownership” concluded HTL Property Managing Director, Andrew Jolliffe.

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