By Vanessa Cavasinni, editor Australian Hotelier
Laundy Hotel Group has added another venue to their regional New South Wales portfolio, purchasing the Settlers Tavern in Gosford.
Manenti, Quinlan & Associates and Thomas Cooper & Co of Newcastle negotiated the sale on behalf of the late Phil Bernie and his wife, Marj. Before the Bernies owned the award-winning pub, it had been owned and operated by former AHA president, Bob Bourne.
The tavern is part of a convenience retail complex on the Central Coast Highway in Gosford. It is also in the vicinity of the growing West Gosford Commercial Hub.
With a Gosford population of 170,000, the pub presented Laundy Hotel Group with plenty of opportunities. It has a main and terrace bar, bistro, TAB and 20 gaming machines.
Arthur Laundy suggested that the group’s recent string of purchases in the Central Coast area of New South Wales is a long-term investment.
“We already have established patronage at our other Central Coast hotels: Long Jetty, Chittaway Bay and Bateau Bay. The acquisition of the Settlers Tavern fits perfectly in the jigsaw. The lifestyle enjoyed by residents of the Central Coast is enviable and we see strong growth over the next two decades.”
A spokesperson for Manenti, Quinlan & Associates said that Laundy Hotel Group does not wish to disclose the purchase price.