Lake Macquarie Pub for sale by JLL Hotels
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Lake Macquarie Pub for sale by JLL Hotels
JLL Hotels & Hospitality Group offer the Blacksmiths Orana Hotel for sale located between the desirable suburbs of Swansea and Belmont in Lake Macquarie marketed by John Musca and Kate MacDonald.
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JLL Hotels & Hospitality GroupJLL Hotels & Hospitality Group offer the Blacksmiths Orana Hotel for sale located between the desirable suburbs of Swansea and Belmont in Lake Macquarie marketed by John Musca and Kate MacDonald. -
JLL Hotels & Hospitality GroupJLL Hotels & Hospitality Group offer the Blacksmiths Orana Hotel for sale located between the desirable suburbs of Swansea and Belmont in Lake Macquarie marketed by John Musca and Kate MacDonald.
JLL Hotels & Hospitality Group is delighted to offer for sale, the Orana Hotel in Blacksmiths, located between the desirable suburbs of Swansea and Belmont in Lake Macquarie, via an Expressions of Interest (EOI) campaign closing Wednesday 10th November 2021.
Located 90 mins north of Sydney, 30 minutes from Newcastle, the Orana Hotel is the first pub to hit the open market between the two major cities, since the $24m purchase of Beach hotel in Merewether almost 2 years ago.
The hotel sale includes the most profitable 11 EGM room in NSW (with noticeable improvements to be made), single bar operation, popular drive-thru bottle shop, large commercial kitchen, beautifully renovated beer garden including modern outdoor bathroom facilities, and a perfectly separated dining space to public bar and TAB area.
JLL Hotels’ Managing Director John Musca and Vice President Kate MacDonald will steer the campaign with the agents anticipating significant interest in the freehold going concern asset from a wide-ranging buyer pool looking to secure a strong cashflow business in one of the most tightly held locations in NSW.
JLL Hotels’ John Musca noted the emerging demand for coastal assets in NSW had driven unprecedented transaction levels due to the irreplaceability of the assets, coupled with sea-change lifestyle demographic trends in this post-COVID world, and an increase in local and domestic travel.
JLL Hotel’s Kate MacDonald went on to highlight the significant opportunity for an astute single-venue operator, or group looking for strong cashflow in an easy to access location.
“The Orana Hotel has undergone extensive renovations over the past 3 years, specifically the sizeable beer garden which was only completed 3 months prior to the onset of COVID-19 in March 2020. Despite the hotel being unable to trade to its full capacity since then, including restrictions on functions, the hotel averaged over $100,000 in FY21 revenue, and is set to break records during this upcoming summer and beyond.”
The Orana Hotel sale follows a list of JLL’s coastal transactions around Australia including the Great Northern in Byron Bay, Lorne Hotel in Victoria, Grand Hotel in Newcastle and more recently the $32m sale of Woy Woy Hotel, located 75kms south of Blacksmiths on the Central Coast.
To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.
