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Ray White Hotels Australia sold South Western Sydney’s Panania Hotel on the last day of high publicised expressions of interest campaign for the sum of $14,400,000.
Ray White Hotels Australia were very enthusiastic, when entrusted by, Dean Haritos of Haritos Hotels bring to the market the ‘Iconic Light Brigade Hotel.
Ultimately the property sold for an impressive $8,250,000 to the Bayfield Family who were looking to reallocate capital after their much publicised divestment from the Newport Arms Hotel.
After 130 years and one internationally marketed campaign, the iconic Newport Arms Hotel has been sold to Justin Hemmes and his leading hospitality group Merivale. Significant interest was registered in the famous hotel sale which enjoys in excess of 11,000sqm of waterfront land holding.
The truly iconic Crowne Plaza in Terrigal has successfully transacted for $58 million after a successful International Expressions of Interest Campaign coordinated by Andrew Jolliffe, Max Cooper of Ray White Hotels Australia.
Ray White Hotels Australia is pleased to announce the largest national pub transaction of the year. The record sale comprised two iconic hotels, in the form of the Mona Vale Hotel and Northies Cronulla Hotel, sold in one line.
Ray White Hotels Australia Director – Asia Pacific Region, Andrew Jolliffe in conjunction with Ray White Commercial NSW Managing Director, Jeff Moxam have successfully sold the Northern Suburbs Rugby Club in St Leonards for $9,500,000.
The subject property is a 71 room motel with bar, restaurant, function room and 15 EGM’s. Perched on a 1.2 hectare land allotment the two story brick building has heaps of room for expansion and excellent exposure to passing traffic from Durham Street. The owners were the beneficiaries of an estate that was in dispute and a trustee had been appointed to resolve the issues and divest of the asset. After seeking various submissions the trustee decided that Ray White Hotels Australia was the most suitable agency to handle a significant regional asset.
After being on the market with an alternative agency for several months, our vendor was motivated to sell this asset and in doing so achieve the best possible price in the shortest period of time as a result. As such Ray White Hotels Australia was exclusively engaged to perform this task.
“Railz on Regent” is a two story hotel located on a 322.5m²* land parcel, situated on the corner of Regent Street and Redfern Street, Redfern. The Vendor was an interstate operator that was divesting of all of their hotel assets in preparation for retirement. His mandate to us was to secure a purchaser that would be willing to pay the best possible price and deliver an unconditional contract of sale.
Ray White Hotels Australia is pleased to announce the largest national pub transaction of 2014 to date. The record sale comprised two iconic hotels, in the form of the Mona Vale Hotel and Northies Cronulla Hotel, sold in one line.
Situated in the heart of Surry Hills, 69-81 Foveaux Street, the 1,372m²* property is strategically located near major transport terminals including Central Train Station, 1.7kms from the Sydney CBD and less than 3kms from world class educational facilities including the University of Sydney and University of Technology Sydney.
The rarity and quality of ALH tenanted assets such as the Cambridge Tavern, illustrates the fertile market appetite for investment grade properties in the national hotel sector. Interest in the hotel was widespread and we received multiple offers to purchase the property within the first week of the 4 week marketing campaign.
The iconic Tea Gardens Hotel in Bondi Junction, which neighbours the Westfield Shopping Centre, has successfully transacted for over $36 million after an Expression of Interest marketing campaign coordinated by Andrew Jolliffe and Blake Edwards of Ray White Hotels Australia.
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