Good Beer Company has sold popular North Sydney hotel, The Commodore, to Sydney publican Glenn Piper, in a $29m deal facilitated by the team at JLL Hotels & Hospitality.

Piper counts the Harbord Hotel in Freshwater, The Beach Hotel, Merewether and the Q Station in Manly amongst his growing stable of hospitality assets and said he is committed to creating vibrant destinations that honour the history of the area and the community that calls it home.

“Standing proudly on the corner of Blues Point Road, the Commodore Hotel is without a doubt one of North Sydney’s greatest pubs – and one with an incredibly rich and colourful history. I am honoured to continue the Commodore’s long legacy and excited to have the opportunity to elevate it into something really special that reflects the community today,” said Piper.

The transaction was facilitated by JLL Executive Vice President Ben McDonald, Senior Vice President Kate MacDonald and Managing Director John Musca, who said they have also recently facilitated another Sydney metropolitan pub sale, which is yet to be announced to the market.

Commenting on The Commodore’s sale, Ben McDonald said: “Capital continues to seek exposure to ‘alterative assets’ that display strong IRR characteristics and have the ability to generate strong cash flow through trading operations. With genuine value-add potential via the approved DA, in addition to the compelling investment drivers, The Commodore was keenly pursued by those selected to participate in the sale process.” 

Kate MacDonald added: “The significant brand equity of The Commodore in the local hospitality scene was a major drawcard for the purchaser who will certainly build on the pub’s strong reputation and business. We look forward to seeing The Commodore evolve over time under Mr Piper’s watchful eye.”

Piper will receive the keys to the venue in August, and said that he plans to spend the coming months diving deep into the history of the Commodore and the community that surrounds it to ensure any refurbishment plans respect the rich culture that it has developed over the decades.

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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