The property market positivity created by the combination of the Coalition Government’s Federal Election win, and the Reserve Bank’s decision to cut interest rates to a record low, has given rise to hive of hotel sales activity in the Newcastle region.
AHA National Award winning hotelier, Alistair Flower, has expanded his North Coast hotel group with the acquisition of the prominent Hastings Hotel in Wauchope.
Newcastle pubs the Belmont Hotel and Salamander Tavern sold for $20m by HTL Property
Following the competitive sale of Elemore Vale’s Shaft Tavern to Iris Capital’s Sam Arnaout in December, HTL Property now announces the off-market sales of both the Belmont Hotel and Salamander Tavern in separate transactions to begin the new year.