Rocksia Hotel, Arncliffe sold by Feros Hotels
Staff reporterDecember 7, 2020
The Rocksia Hotel in the Sydney inner west Sydney has been sold for $36 million.
It sold after less than two weeks on the market with Feros Hotels selling the property to Oscars Hotels, which is led by brothers Bill and Mario Gravanis.
The hotel at 299 Princes Highway in Arncliffe sold on just less than 8% yield.
The former car showroom and sale yard was converted into hotel 10 years ago after the 4218 square metre site was bought for $5.6 million by Nick and Chris Feros with long-time business partner Bob Richards.
More than $900 million in pub transactions have occurred across NSW in the past 18 months.