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ALH hotels in Melbourne hit market as pub sector heats up

Finance Markets / Market Trends

Australia

Oct 06 2017

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Simon Johanson, The Sydney Morning Herald

The Royal Hotel in Melbourne's Sunbury, leased to Woolworths-backed operator ALH Group, is to be offloaded by a private NSW investor, hot on the heels of another ALH-operated pub, the Berwick Inn, hitting the market.

The Royal, on Melbourne's northern outskirts, is expected to snare about $8 million, while the two-storey Berwick Inn in the eastern suburbs is likely to trade for about $25 million.

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

SOURCE: The Sydney Morning Herald

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