The red-hot pub market is showing no signs of abating, as one of Sydney’s longest-owned hotels, Pendle Inn, has sold for the first time since it was built in the 1950s.

Located 30kms west of Sydney’s CBD, Pendle Inn is located on a 7564sqm block, opposite the Pendle Hill train station and was sold in an off-market capacity by JLL Hotels’ Ben McDonald and John Musca.

JLL Hotels Senior Vice President, McDonald, said: “It is particularly fulfilling when you can drive great results for respected and long-time industry stakeholders and in doing so, present such a wonderful opportunity for the incoming hotelier.”

The hotel facilities include public bar, bistro, gaming room with 30 gaming machine entitlements, large drive-thru bottleshop, outdoor terraces, accommodation rooms and offers future town centre development scope.

“We have seen over $1.3bn of pub hotel transactions nationally in the last 12 months, with significant activity now emerging in the traditionally tighter-held markets of Melbourne and Adelaide, testament to the resurgent capital prioritisation of the sector,” said JLL Hotels Managing Director Musca.

JLL Hotels declined to comment on the transaction value.

Andy Young

Andy joined Intermedia as Editor of TheShout in 2015, writing news on a daily basis and also writing features for National Liquor News. Now Managing Editor of both TheShout and Bars and Clubs.

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