Laundy Hotels and co have on-sold the approved greenfield site of the future Oxley Ridge Tavern in south-west Sydney to Joel Fisher’s Monarch Hotels.
After several successful ventures, including the acclaimed Marsden Park Hotel Brewery and the Locker Room at Sydney Olympic Park, Arthur Laundy’s outfit partnered again with the Cottle and Wearn families to acquire the site. Plans were submitted by the Cottle’s construction company FDC in early 2022.
A new three-level building will become the Oxley Ridge Tavern, with capacity for 750-pax, offering multiple bars and gaming, indoor and outdoor dining areas and kids’ play area, with underground parking. Also on the site will be fast-food outlets Taco Bell, Oporto, Red Rooster and Dominos.
Monarch has now agreed to take over the proposed hotel and QSR development, paying around $30 million.
The Laundy group has multiple ongoing projects in greater Sydney, and is heavily involved in accommodation developments on both the Central Coast and Queensland’s Gold Coast. It’s understood they will redeploy funds from the sale at Oxley Ridge into other ventures.
Over the past decade Laundy and Monarch, along with Feros Group and Momento Hospitality, have been responsible for the lion’s share of large-scale greenfield hotels in and around Sydney.
Oxley Ridge Tavern will be Monarch’s fifth, and is expected to be open in late 2026.
It follows that of the Central Hotel in Shellharbour, sold to Redcape in 2018, and Brisbane’s recently developed Flagstone Tavern, with the leasehold interest also to Redcape, earlier this year. There was also the award-winning Waterfront Tavern in Shell Cove, developed in 2021 in a joint venture with Frasers Property.
And most recently the Willowdale Hotel, completed in 2023, which has established itself as one of Sydney’s premier large-format venues and climbed 300 places on the Liquor & Gaming pub ranking to reach #36 at the end of 2024.
The off-market transaction was managed by HTL Property’s Andrew Jolliffe and Dan Dragicevich, who note that Sydney’s rapidly growing population, particularly in the south- and north-west growth corridors, is often “underserviced” by existing hospitality facilities and benefits from the ambitions of these groups.
“Our clients, who have themselves delivered upon multiple greenfield development hotel projects, including The Marsden at Marsden Park, and The Log Cabin on the banks of the Nepean River in Penrith, have elected to flip the approved site,” Jolliffe said.
