One of Melbourne’s most beloved pubs has been sold in an off-market transaction.

The leasehold interest of the Grosvenor Hotel has been sold by long-time owners, the Catalfamo family, with JLL Hotels & Hospitality’s Will Connolly running the discreet sale campaign. The leasehold was acquired by a Melbourne-based hospitality group.

The well-patronised corner pub features a large public bar and sports bar with an outdoor alfresco area, a gaming room with 22 EGMs, a newly constructed outdoor smoking room, a large dining room with additional private function space, a first floor function room, and a drive-through bottle shop and gourmet grocer.

Grosvenor Hotel has an established reputation as a pub that turns out an excellent food offer – with the drive-through bottleshop once also housing the St Kilda Burger Bar – but the new operators are said to be repositioning the pub as a premier gaming venue within the area.

“It was a genuine pleasure to facilitate a transaction between two parties that not only had a mutual respect for each other, but most importantly a mutual respect for the property,” stated Connolly.

“The Grosvenor Hotel provides any operator a huge variety of income streams, whether this be their already fantastic food reputation or it’s consistent gaming income [which] the successful purchaser quickly identified when introduced to the opportunity.”

The Grosvenor Hotel is the second well-known pub to transact in the last couple of months, with the outgoing Hart family selling the freehold of the Emerald Hotel in South Melbourne to Gerald Delany for $6 million.

Connolly suggests this is just the beginning for pub sales activity for the year.

“We see 2021 being a market in which some owners may [look] to transact quietly, so we’ve set a particular focus in connecting buyers and sellers together discreetly in a transaction, with the sale of The Grosvenor being an example of this. 2021 will certainly be a year of activity in our market, however some deals will need to be grown organically.”

Vanessa Cavasinni

Vanessa Cavasinni is the managing editor of Australian Hotelier and Club Management, trade publications for the pub and club sectors respectively. Vanessa has been at the helm of Australian Hotelier since...

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