As the NSW pub market continues to gather momentum in 2024 JLL Hotels & Hospitality Group have launched their latest exclusive listing – the Evening Star Hotel on Elizabeth Street on the edge of Sydney’s CBD.

Identified as an ideal bolt-on acquisition or seed asset for a newly established group given the efficient business operation, Australia’s leading pub brokerage firm, expects interest in the asset to be strong despite the broader economic and legislative environment.

Executive Vice President, Ben McDonald and Senior Vice President. Kate MacDonald have been exclusively appointed to steer the campaign on behalf of the private owners.

“Situated on the doorstep of Sydney’s new Tech Central precinct currently well and truly in progress and a 2-minute walk from Sydney’s Central Station and Light Rail, the Evening Star is well positioned to capitalise on the heightened exposure and increasing foot traffic passing by the venue. It’s a compelling convergence of demand drivers here.” Noted Mr McDonald.

The hotel’s efficient business including 24 gaming machines, 6am trading approval on Fridays and Saturdays and tangible scope to improve revenue performance across the board will draw interest for operators seeking opportunities in the Sydney CBD and CBD fringe markets which are traditionally quite tightly held.

Ms MacDonald also highlighted the price point of the hotel as a key positive given finding assets sub $20m with comparable EBITDA performance in this location are basically non-existent.

The Evening Star Hotel is being sold via Expressions of Interest closing Wednesday 8th May 2024 (unless sold prior).

Click here to view more Pubs and Taverns recently listed for sale or sold: