Formed by leading brokers Andrew Jolliffe and Dan Dragicevich, the powerful HTL has already sealed deals which have included Redcape’s Belrose Hotel for $22m, the Vauxhall Inn Hotel in Granville for $40m, and have been appointed to steer the sales campaign for Inner West favourite, the Salisbury Hotel in Stanmore. 

Ideally situated on the main high street of Stanmore, the three storey Freehold Hotel, nestled on an expansive 800sqm corner block has enjoyed extensive renovations costing $3m and completed in 2016, complementing the existing 1900's Art Deco building.

The Hotel, positioned only 100m from Stanmore Train Station, 6kms from Sydney CBD and 3kms from The University of Sydney, is expected to attract interest from Sydney and interstate buyers.

The Inner West pub market has seen a flurry of activity in recent times as its popularity and patronage has skyrocketed as a result of the 2014 Sydney CBD lockout laws. On average 36,500 people visit the Newtown area on Saturday nights, revealing a 65% increase since 2012 according to City of Sydney officials.

Latest published train statistics point to a similar trend where there has been a 383% increase in traffic at Newtown train station since the implementation of the lockout laws.

HTL National Director - Pubs, Dan Dragicevich commented "The Salisbury Hotel presents an outstanding opportunity for the astute investor to purchase a substantial commercial property holding, with a reliable cash flow business and clear operational upside. Assets which present such compelling investment fundamentals in attractive locales such as Stanmore are rare and we expect significant buyer interest."

HTL Asia Pacific Director Andrew Jolliffe believes the broader sector is well represented by sale activity eschewing geographical boundaries, and encompassing investors seeking assets across the full hospitality spectrum.

We've highlighted the strong market fundamentals of cost and availability of capital, prosperous revenue generation across all departments, and sensible regulatory administration as being key to the continued strength and yield compression being experienced in both regional NSW as well as the Sydney Metro Area" commented Jolliffe.

Pointing to market depth, HTL Manager - Pubs Blake Edwards advised that HTL had sold an equal number of regional hotel properties to those sold with Sydney metro addresses in the past 6 months.

"Calendar Year 2018 has seen in excess of eight regional hotels traded by our Sydney office, and the yield spread between metro and regional hospitality properties remains at a 300-basis point delta, even when taking into consideration the sharp contraction Sydney metro has experienced" concluded Edwards.

Expressions of Interest for the Salisbury Hotel closes on Thursday 4th October at 4pm.

See also:

Scarcity sees Sydney five-star hotel room values soar Michael Simpson Savills Hotels

Atura Edmondson Park Hotel for sale in Sydney Western Suburbs Wayne Bunz Rob Cross CBRE Hotels

$150m Four Points by Sheraton hotel Sydney Central Park officially opens