Sydney's Lord Roberts Hotel 64 Stanley Street Darlinghurst Sold $22.5m by Savills Hotels Nick Butler, Selin Ince and Nick Lower.

Nick Butler of Savills Hotels told The Hotel Conversation, “It was an honour to be asked by long-term custodian of the Lord Roberts Hotel, Sue Cameron, to sell the freehold going concern. The Lord Bob, as it’s affectionately known, has not officially “traded” for close to a century, having been handed down from generation to generation by on a landlord basis."

"It’s a pub that holds fond memories for a great number of Sydney siders, including a large number of established hoteliers which was reflected in the bullish level of enquiry during this process,” said Nick.

According to Nick, “The ultimate sales price reflects the strength of the asset class, with city fringe hotels having enjoyed a measurable bounce back into profitable trading post pandemic.  The precinct is set for significant investment in development with the Lord Roberts at the very epicentre of planning proposals and properties under option.  The new owner, who is also new to the asset class, is in the enviable position of being poised to capitalise on the activity that’s expected with such ambitious development. While there are plans for some minor renovations to the hotel, the new owner recognises the importance of preserving the character of the building with respect to its history and place in Sydney’s pub landscape”

The site is part of land originally granted to Commissary-General John Palmer, in 1793. His grant extended from Woolloomooloo Bay into East Sydney and Darlinghurst areas. 

Palmer subsequently purchased additional land extending into the area now known as Surry Hills and by 1800 had consolidated an estate of almost 200 acres.  Known as “Little Jack” Palmer he constructed a house on the land and became a prominent citizen with extensive farming interests. 

As a farmer and grazier Palmer was an unqualified success, however, his political affiliations and support of the Rum Rebellion led to the forced sale of his estates in 1814.

The new owner is a successful forex trader and ex-pat who has returned to Australia and sees the growth potential in the hotel asset class. We understand he plans to undertake minor renovations to the pub to retain its historic character and charm,”said Savills Nick Butler.

To request a sales analysis please contact either of the selling agents Savills Hotels Nick Butler, Selin Ince and Nick Lower via the below contact details.

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