The Shire’s Grand Old Dame Comes to Market

High profile hotelier brothers, Bill and Mario Gravanis of Oscars Hotels, have listed for sale their Sutherland Shire trophy property, The Como Hotel exclusively through HTL’s Dan Dragicevich, Andrew Jolliffe and Sam Handy.

Perched high and proud on a commanding 3,000 sq mts* the majestic property operates across four levels, enjoying panoramic water and recreational park views from its balconies.

With views that will never be built out, this is an incredible opportunity in one of Sutherland Shire’s family orientated suburbs.

The Hotel has the benefit of a community following with exclusive trading catchment across Como as well as surrounding suburbs of Oatley and Oyster Bay. Trading a strong public bar and family friendly bistro, the operation also includes a standalone function room on the top floor, which has the ability to trade as a separate entity.

“The Shire is known for its consolidated ownership meaning assets rarely come up. The area is under pubbed compared to the rest of Sydney and generally large format venues are always strong traders and in turn tightly held” noted Dan Dragicevich

“The national hotel market activity over the past four weeks has indicated a distinct allergy to some of the other valuation headwinds associated with other asset classes, and our pipeline to year end is commensurately strong” concluded HTL Property Managing Director, Andrew Jolliffe.

The Hotel is being sold via on market Expressions of Interest closing Thursday 15th September at 12pm (unless sold prior).

End.

*approx..