JLL Hotels & Hospitality Group today announces the forthcoming sale of the Salisbury Hotel, Stanmore in Sydney’s sought after Inner West.

JLL Senior Vice President Kate MacDonald and Executive Vice President Ben McDonald have been exclusively appointed to manage the campaign on behalf of the stakeholders who are set to draw a curtain on their ownership following an eight year association with the venue.

Stanmore sits within the booming Inner West Council area approximately 10 minutes southwest of the Sydney CBD, and 15 minutes from Sydney Airport. Supporting over 7,500 residents, the Salisbury Hotel stands as the only pub in this popular locality, with vibrant suburbs including Annandale, Enmore and Newtown as close neighbours.

The pub itself sits on a prominent 800sqm corner lot, enjoying 3 street frontages and is situated on the main retail strip, 100m from Stanmore Train Station, which, according to a UTS study, sees over 3,000 passenger movements each day. Market interest is expected to be drawn to the balanced mix of trade across the venue averaging in excess of $95,000 per week, 15 gaming machines, 20 accommodation rooms across two levels, and a popular outdoor beer garden.

Kate MacDonald noted; “The Salisbury Hotel provides the market with a undeniable opportunity to secure one of the Inner West’s favourite community pubs. Not only is the property architecturally striking given its art deco heritage, but the trading profile is one which we see to be extremely attractive for those seeking a balanced hotel business whilst also offering short term growth options.”

Having facilitated 7 of the 8 Sydney metropolitan pub sales in 2023 including the recent sale of the Republic Hotel in Sydney for circa $40m, JLL Hotels Executive Vice President Ben McDonald is seeing a slight shift in market conditions.

Mr McDonald noted; “Despite a slower transaction environment (YoY) thus far in 2023 there has been renewed activity in the sector with improvements in economic visibility and a clearer picture generally of the domestic debt landscape. These factors have provided an improved level of certainty for hoteliers and investors regarding their capacity to transact which we anticipate will be a positive for the market as we progress through the back half of the year.”

The Expressions of Interest Campaign is set to close on Thursday 21 September 2023 (unless sold prior).