New outfit pays $45.2m for Earlwood pub
A new hospitality outfit backed by the publican Docker, Savas and Wiggins families, has snapped up the recently refurbished Earlwood Hotel.
Covering 825 square metres at 347 Homer Street, on the north east corner of Earlwood Avenue, the triple storey c1931 Art Deco pub is costing the buyer, Orion Hotel Group, $45.2 million.
With a 24 hour liquor licence, the venue includes a bistro with outdoor dining, gaming room with TAB facilities and 29 electronic gambling machines, a bottle shop and 21 accommodation suites.
The vendor was long-time operator Kent Walker.
“We’ve got a great deal planned for this aesthetically magnetic property but everything we do will be designed to only strengthen the relationship the business has enjoyed with the local community for decades,” Michael Wiggins, on behalf of Orion, said (story continues below).
“It really is an extraordinary looking property and has great scope for repositioning,” according to the executive, who added the group is seeking similar quality product elsewhere in Sydney.
HTL Property’s Dan Dragicevich, who marketed 347 Homer St with Andrew Jolliffe and Sam Handy, described the Earlwood Hotel as an A-grade, one-suburb-one-pub asset.
About 10 kilometres south west of the CBD, the venue is near the Earlwood KFC, at 27 William St, developed on the site of former prime minister John Howard’s childhood home.
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