By Clyde Mooney
A prominent Sydney CBD hotel owned by ALIA Publican of the Year nominee Patrick Ryan is set to go on the market this weekend.
Owned and operated by the Ryan family since its 2002 refurbishment, The Republic, originally built in 1865, is set to be marketed for sale by Andrew Jolliffe of Ray White Hotels.
Jolliffe told TheShout the hotel, a popular choice for many of the city's business professionals, is "a seldom seen opportunity to acquire a blue chip piece of CBD real estate".
"In addition to multiple bars and a state-of-the-art restaurant facility, the four-level 24hr hotel also provides a footway licence upon which its clientèle can comfortably drink and smoke in an alfresco environment," he said. [continues below]
The Ryan family operate a number of inner-city hotels, including The Orient, The Ship Inn, The Paragon, Bar 333, The Woollahra Hotel, Miranda Hotel, and Ryan's Bar.
Last November, father Peter Ryan – an active member of the coveted 15 Club – was inducted into the Australian Hotels Association’s Hall of Fame for services to the hospitality industry.
Jolliffe reports the sale includes 18 poker machines and associated licences, enjoys great cash flow, and has a "demonstrable upside available to improve profitability".
For pubs currently on the market, check TheShout’s new Pub Sales page.
Click here to sign up to the Pub Sales newsletter.