Last December JLL sold the Brookvale Hotel on Sydney’s northern beaches on behalf of the Kelly family’s cousins to the Irvin Hotel Group for $42 million. This side of the family also owns the Doncaster Hotel near Sydney’s Royal Randwick racecourse.

Sydney’s west is also undergoing change with the Village to benefit from the $2 billion transformation of the Blacktown CBD by the local council and private developer, Lang Walker’s Walker Corporation.

“Obtaining acreage literally in the middle of the NSW growth corridor, surrounded by major residential developments and commercial demand drivers such as Bunnings and large format retail property will underpin organic trade growth and set the foundations for capital uplift in the future,” Kate MacDonald said.

In Melbourne, JLL’s Will Connelly is set to announce the sale of two major pubs, after having sold the Hawthorn Football Club’s WestWaters Hotel & Entertainment Complex in Caroline Springs for a combined price of $85 million to Oscars Hotels.

The sale represents Victoria’s largest recorded pub sale, trumping last year’s record-breaking regional deal in Bendigo’s All Seasons Hotel at $54.5 million, acquired by MA Financial, the manager of the NSW-based former Redcape Hotel Group.

Connelly said there has been more than $180 million of NSW-based capital investing in the Victorian industry, across three of the most significant hotel transactions to ever occur in the state.

“We are representing a significant weight of capital moving from NSW to Victoria and similarly South Australia, as a natural geographical expansion for operators requiring a national footprint as a response to the supply challenges in an ever-tightening NSW hotel market”, Musca said.

The leasehold of the Morgan’s Sorrento Restaurant and Bar is also for sale by Melbourne publican Julian Gerner through CBRE’s Scott Callow and Mathew George. They added the leasehold is expected to generate interest from established hospitality professionals from both Melbourne and interstate.

Gerner bought Morgan’s Sorrento in 2013. Before this, he owned and operated several hospitality venues across Melbourne as director of Public House Group and Melbourne Pub Group. The lease has 12 years remaining, and the operation currently reports annual revenue of about $2.6 million.

“The restaurant retains its general hotel licence, which is a key to the future of this beachfront hospitality operation,” Callow said.

In Sydney’s east, the popular Robin Hood Hotel overlooking the Charing Cross intersection is for sale after three generations of Whitten family ownership over 44 years. It is expected to generate interest exceeding $60 million, with the sale representing the first significant eastern suburbs hotel publicly offered to the market over the last five years.

HTL Property directors Andrew Jolliffe, Dan Dragicevich and Sam Handy are overseeing the sale process, which is expected to garner both local and national interest from industry players.

Originally built by Tooth & Co in 1938, the 1757-square-metre landholding comes with zoning and planning guidelines, providing future mixed-use redevelopment potential.

The stately multi-storey hotel recently underwent an extensive and meticulous $8 million renovation and refurbishment and now provides for a much larger trading footprint and patron capacity across two levels and a 3am license.

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“The Robin Hood Hotel presents as an expansive mixed-use hospitality asset with upside development potential (STCA) enmeshed into the fabric of the local community over decades of loyal patronage,” Jolliffe said.

“As such, the decision to sell provides an undeniable opportunity for the successful purchaser to join an elite class of eastern suburbs hotels ownership.”

Dragicevich said eastern suburbs pubs are “notoriously tightly held” and he expects the market will gravitate towards the already substantial cashflows the business is generating and the underwritten value of the commercial land holding being offered over multiple titles.