The Captain Cook Hotel in Botany is the latest in a number of Sydney hotel sales, to change hands through boutique national agency HTL Property.

The exclusive agents have informed the market of the sale to popular hotelier and Fanatics Group founder Warren Livingstone, in the latest sign of unsatisfied demand for hotel investment opportunities.

Livingstone has added the hotel to his existing stable of pubs including the Charing Cross Hotel (Waverley) and Hyde Park House (Darlinghurst). 

At a Glance:

• The Captain Cook Hotel has been sold for $17 million
• HTL Property negotiated the sale on behalf of long-time owners the Shannon family
• Fanatics Group founder Warren Livingstone is the new owner of the hotel

HTL Property’s Sam Handy and Daniel Dragicevich negotiated the $17m off-market transaction on behalf of long time owners the Shannon family, and the sale follows the respective agent’s 2016 sale of the adjacent Waterworks Hotel on behalf of listed company, Lantern Hotels, for $17.25m. 

"Warren is a great publican, we congratulate him on the purchase of the hotel and genuinely can’t think of a better custodian to take the business forward in consultation with the local community" said successful Vendor Gina Hooper. 

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The Captain Cook Hotel in Botany has changed hands. Photo: HTL Property

The Captain Cook Hotel operates under a 24hr liquor licence with 18 gaming machines; and is located within an SA2 Green Zone.

Separately, the hotel enjoys an approved DA for a new gaming room smoking solution designed by leading architect Paul Kelly. 

“I like the Botany area and I enjoy the hotels game” said Mr Livingstone. 

“It’s not too dissimilar to what I have been doing the last 20 years with Fanatics, that is, provide entertainment.

“This is my 3rd Hotel after the Charing Cross and Hyde Park House so its nice to get some economies of scale and buying power.

"I’m in it for the long haul now but I still enjoy taking a few sporting events around the world every now and then.” 

HTL Property Director Sam Handy said the Bayside local government area is home to some of the State’s highest performing gaming rooms; with the Captain Cook Hotel boasting all the necessary core trading attributes to join them. 

“The hotel’s gaming performance is well placed to improve following the introduction of a gaming room smoking solution, especially when considering the already very strong and proximate competitor set” said Mr Handy. 

“We look forward to Warren building significant value into the operation by way of implementing his food and beverage expertise in concert with activating the approved gaming room D.A." 

The Captain Cook Hotel is prominently located within the main retail and commercial precinct of Botany - situated between the Sydney Airport and Port of Sydney.

In addition, the hotel is just a few minutes’ drive from Frasers Property Australia's Tailors Walk development; which will see 400 new apartments added to the area.

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