HTL Property have facilitated the sale of the Amaroo Hotel in Dubbo for a record price, with a local syndicate acquiring the property.
The hotel has been sold by local publicans and HTL clients, Greg and Kellie Pilon and partners.
The Amaroo occupies a 2,000 square metre plot on Dubbo’s main strip, Macquarie Street, and contains a nightclub, a bistro and a bar.
The ‘Roo’, as the venue is known locally, is a multi-storey hotel with a long-term lease, entitlements for 27 gaming machines, and on-site accommodation of 24 rooms.
Additionally, the Pilons have listed their other Dubbo holding, The Pastoral Hotel, for expressions of interest, with this campaign also organised by HTL.
Blake Edwards, HTL Property Director, outlined the property’s features.
“The Pastoral Hotel operates an enormous underroof area due to a full refurbishment concluded a few years ago; and with the consequence now being the ability to capitalize upon busy trading periods in order to drive profitability through scale,” Edwards said.
The Pastoral is a freehold going concern, and possesses a large bar area, beer garden and function room. The venue has an additional bar, bistro and balcony on the first floor, and holds 18 gaming machine entitlements, along with a 24-hour licence from Monday to Saturday.
The expression of interest period will close on August 18, and is being managed by Edwards, and Xavier Plunkett of HTL Hotel Investment Sales wing.
“Greg, Kellie and their partners have loved owning and operating two of Dubbo’s best establishments, but want to now focus more of their time on respective families and other interests outside the hotel sector,” Edwards concluded.
The sale and listing of these Dubbo hotels indicates continued interest in regional NSW hotels, following the sales of the Tacking Point Tavern and the Port Macquarie Hotel in the past month.