JDA Hotels have sold the considerable Mill Hotel in Sydney’s south-west.

The massive pub operation set on a sprawling 9,527sqm landholding has been owned by JDA Hotels since 2005. Since then, the group has built up the business through renovations and extensions to almost double its trading footprint. Its diversified revenue streams see the Mill Hotel generate more than $14.5m in annual trade.

The hotel was sold to Marlow Hotel Group via an off-market process handled by HTL Property directors, Dan Dragicevich and Andrew Jolliffe. Marlow Hotel Group operates eight other family-friendly hotels spread across New South Wales.

“JDA have done an incredible job in establishing The Mill as one of the most popular and diversified hotels in Western Sydney, handing over an operation underpinned by irreplaceable trading fundamentals and clearly positioned for continued prosperity,” stated Dragicevich.

“What this off-market sale shows us is that A-grade inventory, even at material price points, remains highly sought after acquisition targets.”

The sale of the Mill Hotel caps off a busy 18 months for JDA Hotels, which has included the renovations of fire-damaged General Gordon Hotel in inner-west Sydney, the purchase of Mountbatten Hotel in Sydney’s CBD, and the revamp of Mermaid Beach Tavern on the Gold Coast.

“We’ve been quite acquisitive in Chinatown recently, and have also undertaken some large-scale renovations throughout our existing hotel portfolio,” advised JDA Hotels CEO John Feros.

“And whilst the Mill is quite sentimental to us, we made the collective decision that the time was right to pass the baton; and in doing so are thrilled that Jason and Peta Marlow will now steer the venue moving forward.”

Jason Marlow told Australian Hotelier that he and is his team were very happy with the purchase and that the Mill Hotel fits in nicely with their current portfolio.

“Geographically it’s in the middle of a lot of what we have, and our sweet spot is that large-footprint, diversified income model. It suits us and the way we like to operate.”

Currently Marlow Hotel Group has no plans for any changes to the hotel’s operations.

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