Laundy buys Woolloomooloo Bay Hotel from Medich
NSW publican Arthur Laundy has added The Woolloomooloo Bay Hotel to his property portfolio.
It was bought from the Medich family’s Halcyon Hotels for about $20 million.
The deal comes shortly after the Medich family sold the Buena Vista Hotel in Mosman, on Sydney’s lower north shore, for about $16 million after buying it last year for $13 million
The deal was brokered by Andrew Jolliffe and Joel Fisher of Ray White Hotels Australia.
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.
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