HTL Property is delighted to announce the successful Sale and Settlement of the Station Hotel Motel in Kurri Kurri.

The sale was completed by HTL Property Agents Xavier Plunkett and Ben Kennedy, for a sum registering a significant  premium to when the asset last trader through HTL Property in 2021.

"The deal is a meaningful vote of confidence in the regional hotel market" offered HTL’s Xavier Plunkett.

It is the first foray into the pub industry for incoming purchasers, a private consortium led by the Dhaliwal Family, who currently own multiple accommodation and supermarket assets in the Blue Mountains and Hunter Valley  regions.

The full format Hotel Motel offering includes public bar, bistro, commercial kitchen, beer garden, 8 pub rooms, a  function space, a gaming room with 6 valuable Band 3 Gaming Entitlements; 16 onsite car parks and a free-standing Motel with 17 rooms (on-separate title) and incorporating a separate manager’s residence on a large  2,272sqm* allotment.

"The Cessnock LGA enjoys a favourable trading environment with irreplaceable market fundamentals, including: high  population per hotel ratio, strong tourism trade and blue collar employment, above NSW average population growth,  excellent gaming demographics and legislative barriers (Band 3 zoning) creating significant barriers to entry for new  entrants to the area" continued Plunkett.

“Cessnock has some of the most desirable macro fundamentals of any regional locality.

"Significant infrastructure  spending at the $600m+ Hunter Valley gas-fired power station and the proximity to major Hunter Valley coal mines  provides considerable high income employment opportunities.

"Further, the Hunter Valley wine and Tourism region is NSW most visited regional area with 1.4 million overnight stays annually” concluded HTL Property’s Ben Kennedy.

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