Justin Hemmes buys The Allawah Hotel in Sydney's south west

Justin Hemmes buys The Allawah Hotel in Sydney's south west
Justin Hemmes buys The Allawah Hotel in Sydney's south west

Billionaire hotelier Justin Hemmes is further diversifying his portfolio.

Quiet in the local Sydney pub scene for a while, Hemmes has acquired the Allawah Hotel, one of Sydney's biggest gaming pubs near Hurstville.

The Australian reports he has paid around $34 million.

The hotel was first listed this time two years ago by the White family, with price expectations of more than $30 million.

The Feros family's JDA Hotels arm bought The Allawah Hotel in 2007 before selling it to the White's for $28 million.

Hemmes, who offloaded the family's oldest asset in Potts Point earlier this year, only has two other reported purchases in 2019.

Last month he quietly paid $4,872,500 for Rozelle's 3 Weeds pub.

He plans to open a new Totti's Italian restaurant in part of the property, according to The Australian.

In April he spent $7.5 million on a home in Dover Heights for his ex-partner Kate Fowler.

Late last year Hemmes bought the office block next to his Ivy nightclub with grand $1.5 billion redevelopment plans in the pipeline.

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Hotel Sale Justin Hemmes

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