The popular Harold Park Hotel pub in the suburb of Forest Lodge, just three kilometers from Sydney’s CBD, has been sold in an ‘off-market’ sale by JLL Hotels & Hospitality Group.
The hotel underwent a major renovation in the months leading up to COVID-19 and includes eight GMEs, a solo bar, a popular bistro, a family-friendly beer garden, and an attractive function room located on the first floor.
JLL said: “We warmly congratulate all parties to the transaction and thank the vendors for trusting JLL to quietly execute their divestment objectives.”
The hotel agent said that Forest Lodge has the highest proportion of hotels per capita of all the inner-city suburbs, with Paddington a distant second.
The Harold Park Hotel consists of an impressive 900 square meter commercial space on a high exposure corner, directly opposite Mirvac’s Harold Park residential complex, which houses around 2,500 residents alone.
This sale adds to JLL’s recent track record of selling fringe-city assets, including the Lady Hampshire Hotel in Camperdown, the Empire Hotel in Annandale, the Captain Cook Hotel in Paddington, the London Hotel in Balmain and the Hotel Strand at Darlinghurst.