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Coastal pubs ride the wave of city demand

Property Markets / Transactions

Australia

Apr 29 2017

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Carolyn Cummins, The Sydney Morning Herald

Gallagher Hotel Management has expanded its hotel portfolio with the purchase of the Terrigal Hotel for $28 million.

It is said to be the largest single NSW pub transaction on record outside of Sydney, and the sale advisors, JLL hotels & hospitality group, said the hotel was the last owned by formerly ASX-listed horse-breeding company Newhaven Stud Pty Ltd.

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

SOURCE: The Sydney Morning Herald

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