Merivale has purchased its fourth venue on the New South Wales South Coast, adding Lynch’s Hotel in Narooma to its portfolio.
One of Narooma’s oldest and most historic buildings, Lynch’s Hotel is located in the town centre and features a casual restaurant with indoor and outdoor dining areas, a classic bar as well as traditional hotel rooms with common amenities.
Justin Hemmes, CEO of Merivale, said: “Every great town needs a great local pub.
“We have been looking for a heritage pub to further our continued investment in the region and our commitment to the wonderful people who call it home. Lynch’s Hotel presents great potential in a township I have a strong personal connection with, and I am looking forward to bringing this project to life alongside the local community.”
Lynch’s Hotel joins three other South Coast venues owned and operated by Merivale, including the tiki-inspired Quarterdeck, The Whale Inn, including Queen Chow, and The Inlet.
The sale was brokered by JLL Hotels and Hospitality’s Senior Vice President, Ben McDonald, who said: “The flight to coastal hotel assets is not only a state-wide but a national trend and of course Merivale’s support and investment in the Narooma township is such an exciting commitment to the South Coast of New South Wales.
“We are literally in the midst of negotiations on over $150m of coastal hotel assets around the country, having just exchanged another coastal asset in Victoria only this week, which will also soon be announced – so the investor appetite appears relentless.”
Merivale will receive the keys to Lynch’s Hotel later this month, with refurbishment plans to be announced in due course.