Gregory Hills Hotel sold along with Brisbane drinking hole

The Gregory Hills Hotel, run by the Malouf family’s Royal Hotels Group, has been sold together with a Brisbane drinking hole for a combined $60 million.

Property trust Hotel Property Investments has purchased western Sydney’s Gregory Hills Hotel and Brisbane’s Acacia Ridge Hotel together for a combined $60 million.

Both hotels, owned by separate vendors, were sold on a sale and lease back arrangement.

Gregory Hills Hotel sold along with Brisbane drinking hole (3)

The Gregory Hills Hotel is currently ranked 37 in the New South Wales gaming rankings.

Brokerage agency HTL Property acts zx exclusive negotiator for the proposed sale.

HTL Property Managing Director Andrew Jolliffe said the sale covers in excess of a combined 30,000 sqm.

The first pub in the suburb, the Gregory Hills Hotel, or “The Grego” as the locals call it, was built in 2016 and is currently owned by the Royal Hotels Group, established in 2000 by pub barons the Malouf family.

Gregory Hills Hotel sold along with Brisbane drinking hole (2)

 

The Gregory Hills Hotel offers classic pub fare, a children’s play area and equipment, sports bar, bistro, alfresco dining area and bottle shop. The Royal Hotels Group also runs the Wattle Grove Hotel, the Royal Oak Double Bay and Cave Beach Resort at Lake Macquarie.

 

 

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