The Marlow Hotel Group has sold the Robin Hood Hotel in Orange in a deal brokered by HTL Property, who the family purchased the property through in late 2020.
Having bought the venue the Marlow family went about repositioning and refurbishing the hotel incorporating a brand new bistro and indoor kids playground, new beer gardens and additional car parking to cater for the increased demand attracted.
The Robin Hood Hotel property comprises a 32,700sqm suburban site with future subdivision and/or mixed use redevelopment considered an option for the site.
“The Robin Hood exhibits the very best of value accretive pub fundamentals and through Marlow Hotel Group’s hard work and expertise, these have been activated with the results evident in the venue’s patronage and trade” advised HTL Property’s National Director, Dan Dragicevich.
“Regional centres such as Orange benefited greatly through the pandemic years, and continue to draw the attention of astute capital investors with the success buyers being a syndicate of local operators and investors led by Tim Ireson and Ben Cochrane,” added HTL Property Director, Blake Edwards.
Pub sales have continued their strong momentum from 2022 into 2023, and HTL Property’s Managing Director, Andrew Jolliffe said: “With robust revenue attraction being enjoyed, the imminency of greater legislative clarity in the near future, and continued major lender body support; the asset class firmly exists as a first choice investment option for both corporate and private vehicles nationally.”