The Laundy family has again joined forces with local pub owner, Alistair Flower, this time to buy the Tacking Point Tavern in Port Macquarie, in a deal brokered by HTL Property.

The Laundy’s and Flower recently acquired the Mercure Hotel in Port Macquarie and family patricarch, Arthur Laundy, said he was looking forward to furthering the family’s relationship with Flower with the purchase of the 6700sqm hotel.

“We will continue to look at opportunities both in capital cities and in regional centres in order to grow our family business, and to leverage the experience and scale we’ve built over three generations” Laundy said.

“I’ve admired the successful way in which the Mattick family and their partners have conducted various successful businesses over the years, and they have been an absolute pleasure to deal with regarding this transaction.”

HTL Property National Director, Dan Dragicevich, added: “Having sold assets in Sydney, Brisbane and Alice Springs already this week, we are delighted to confirm another significant sale on behalf of our valued clients.

“The Tacking Point Tavern ticks all the investment fundamental boxes that astute large format hoteliers gravitate towards – efficient tavern style reconfiguration, 270 degree onsite parking and strategically located adjacent a retail precinct within an exclusive neighbourhood trading catchment.”

The sale of the Tacking Point Tavern by HTL Property brings the firm’s total volume of NSW sales this calendar year to date to in excess of $800m.

“We’re passionate about creating and protecting wealth for our valued clients, and as evidenced by our recent national market activity, the asset class remains positively underwritten by robust and attractive fundamentals,” said HTL Property Managing Director, Andrew Jolliffe.

HTL would not confirm the successful price paid for the Tacking Point Tavern, other than to confirm the agency’s market guidance was again achieved.

Andy Young

Andy joined Intermedia as Editor of The Shout in 2015, writing news on a daily basis and also writing features for National Liquor News. Now Managing Editor of both The Shout and Bars and Clubs.

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