This article is from the Australian Property Journal archive
THE Gunyah Hotel in New South Wales’ Lake Macquarie region has changed hands for $11 million.
Newcastle-based couple Campbell and Claire Rogers, who also own the Sydney Junction Hotel (SJ’s) in Hamilton, acquired the Gunyah Hotel from long-time owners the Hetherington family in a deal negotiated by CBRE’s Ben McDonald and Daniel Dragicevich, in conjunction with Dean Moore of Moore and Moore.
The Rogers refurbished and repositioned SJ’s since taking ownership, and have upgrades to the Argenton Hotel are slated for 2018.
McDonald said more transactions would occur in the coastal pub market, given the depth of buyers amenable to geographical expansion.
He said interest in the Gunyah Hotel had been underpinned by its 180-degree, unobstructed water views, significant recent refurbishment and upward trajectory of the hotel’s earnings post-renovation.
“These were key drivers of interest throughout the campaign, which attracted the attention of hoteliers and commercial property investors from Sydney through to Cairns,” McDonald said.
Australian Property Journal
