PJ Gallagher's Leichhardt hotel sold

PJ Gallagher's Leichhardt hotel sold
PJ Gallagher's Leichhardt hotel sold

Patrick Gallagher and John Daly have sold PJ Gallagher’s in Leichhardt for $14.5 million to the hotelier Peter Walker.

Situated on the corner of Norton Street and Parramatta Road, it was the first venue co-owned by Gallagher and Daly.

It has been sold to raise capital for a larger as yet undecided joint project.

Gallagher and Daly completed a three-year, $2 million renovation on the hotel last year. The hotel also has 28 gaming machines and a 5am trading licence.

John Musca, national director of JLL Hotels & Hospitality handled the sale.

“Much like the recent contested sales of the Royal Exhibition Hotel, Surry Hills ($19m) and the Duke of Gloucester Hotel, Randwick ($16.25m), PJ's is another quality city fringe hotel which deservedly attracted strong interest," Musca told The Shout.

Last month, JLL Hotels & Hospitality also sold the leaseholds in the Liverpool Hotel and Corner Pub for Gallagher Hotels for a combined $12.5 million, so that the group can focus on freeholds.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Hotel Sale Leichardt

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