Operators trade Peakhurst Hotel
John Feros’ JDA Collective has sold the Peakhurst Hotel after 10 years and a renovation.
The freehold going concern fetched $60 million from Sonnel Hospitality.
“Peakhurst Hotel is exactly the type of all occasion venue we look for when considering opportunities to grow the Sonnel portfolio,” Sonnel Hospitality chief operating officer, Tim Fitzgerald, said.
“It already plays an important role within the local community and has a strong foundation across food and beverage, accommodation and entertainment,” he added.
“What excites us most is the opportunity to build on that foundation and continue evolving the venue in a way that reflects what local guests want from their local pub,” according to the executive.
“We have enormous respect for what has been created by JDA and look forward to working with the Peakhurst team to continue delivering great experiences for guests while exploring opportunities to further strengthen the venue’s offering over time”.
Peakhurst Hotel sale
On 5800 square metres on Forest Road, the large format hospitality asset contains a bar, bistro and gaming room with 30 electronic gambling machines.
There are also 11 guest suites (continues below).
JDA bought the venue for $22.5m in late 2016 from the John Singleton, Geoff Dixon and Mark Carnegie’s Australian Pub Fund.
In 2020 it undertook a major revamp.
“Any time you sell a venue you’ve owned for a long time, there’s an emotional element to it,” JDA chief executive officer, Mr Feros, said.
“We’re incredibly proud of what has been achieved…and the strong connection it has with the local community,” he added.
HTL Property’s Dan Dragicevich and Andrew Jolliffe brokered the off-market deal.
Peakhurst is about 22 kilometres south west of Sydney’s CBD.
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