Nelson Meers Group has added to its south-western Sydney pub haul for 2022, acquiring the New Victoria Tavern in Wetherill Park.
The hotel was sold by the Taphouse Group for $50 million. The New Victoria Tavern is a large-format hotel, and the only pub in the suburb, located in an industrial park.
The Taphouse Group has also divested the Port Macquarie Hotel and Tacking Point Tavern on New South Wales’ Mid North Coast earlier in the year, the latter to a partnership between Flower Hotels and the Laundy family. All three pub sales have been handled by HTL Property.
“Having sold two large format hotels for our client the Taphouse Group already this year, we’re very pleased to continue prosecuting the privately owned group’s strategic divestment strategy with the sale of this significant Sydney property,” stated HTL Property’s Dan Dragicevich.
The acquisition of New Victoria Tavern is the second buy of a large-format hotel in south-western Sydney this year by Nelson Meers Group, following on from the record-breaking buy of Crossroads Hotel in Casula for $160 million.
The Nelson Meers Group portfolio also includes the Hurstville Ritz Hotel and the Belmore Hotel in the Canterbury-Bankstown area.