Bellevue Hotel in Paddington sold off-market

The Bellevue Hotel in Paddington has been bought by Royal Hotels, which is owned and operated by the highly regarded Malouf family.

Vendors for the sale of the Bellevue Hotel, WDS Hotels, had conducted an extensive renovation shortly following its acquisition of the popular hotel in 2014.

“We’ve enjoyed a successful four years of ownership at this great hotel, and following complete renovation and repositioning, formed a decision to focus on our existing portfolio which includes the Fortune of War Hotel, and in doing so to recycle the capital into another opportunity we’re considering,” commented WDS director Steven Speed to The Hotel Conversation.

Paddington, as a hospitality precinct, has proven popular with investors.

Andrew Jolliffe of HTL Property would not confirm the sale price paid.

The Pubtic website suggested around $6.5 million.

Built 1880, the elegant two-storey Bellevue sits on the corner of Hargrave Street and Windsor Lane.

It has gone through a succession of name owners, including John Singleton and Geoff Dixon’s Australian Pub Fund, with operations by Riversdale.

They subsequently sold it to Speed, and partner Peter Walker, in early 2014.