By Vanessa Cavasinni, editor Australian Hotelier
Gallagher Hotels has expanded its operations to the coast, purchasing Terrigal Hotel.
Owning ten pubs and one bar in the greater Sydney area, Gallagher Hotels has made the move into the New South Wales’ Central Coast, purchasing the waterfront pub on the main drag of one of the region’s busiest suburbs.
For Patrick Gallagher, who is from the small country town of Krambach just inland of the Mid-North Coast, the expansion is a return to regional New South Wales – and he knows the area very well.
“All through my youth this was a regular weekend trip. It has both a family atmosphere and a holiday one at the same time. Also a lot of other Sydney people, as indeed I do, holiday in the area. So we are well known to locals and tourists alike.”
Gallagher took advantage of an opportunity to purchase the Terrigal Hotel, to combine both work and pleasure – a move that has many at Gallagher Hotels excited.
”It was not planned but I could not have hoped for a better opportunity to be given us. We have several staff who are shareholders in this business and each one of them seems to be genuinely excited at the prospect, all looking forward to making Terrigal a part of their lives.”
Gallagher does intend to renovate Terrigal Hotel, with a Miami or Hamptons-style fit-out, apropos if the beachside locale.
The purchase price was not disclosed, but Gallagher stated that it was “one of our most expensive purchases.”