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Hotels hit straps as long-time owners cash out

Finance Markets / Latest Activity

Australia

Nov 04 2017

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Nicole Lindsay and Carolyn Cummins, The Sydney Morning Herald

Generational change and booming property values are hitting pub ownership as hotels without underpinning pokie machine income or trendy destinations face an uncertain future.

It has been one of the busiest years for pub sales in Sydney as long-time investors have taken the opportunity to cash out to meet the demand from new-style food entrants.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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