Solotel has announced further strategic changes to its portfolio, as three of its pubs in top tier precincts come to market at once.
On offer is vacant possession on the freeholds of the Bank Hotel in Newtown, Sackville Hotel in Rozelle and one of Sydney’s best-known corner pubs since 1863, The Clock Hotel in Surry Hills.
Together they report combined annual revenue of approximately $40 million, with year-on-year revenue growth of 11 per cent.
Owner of the freeholds is Amalgamated Hotels P/L, which counts Solotel founder Bruce Solomon and Fairfax family associate Lee Thomas as directors.
Solotel has operated the hotels under a management agreement since their acquisition in 2000.
The group says it is transitioning to a “smaller, sharper” outfit led by the Solomon family.
This has already come to see The Regent in Kingsford hit the market, said to be hoping for sale price north of $100 million, and the Bridgeview Hotel in Willoughby, although that has since been withdrawn from sale.
Group CEO Elliot Solomon says the shakeup is paving the way for a “clearer path forward”.
“With these changes, the next chapter of Solotel is more clearly defined – a focused group of family-owned pubs, bars and restaurants.
“We are now in a strong position to build a more focused business with greater ownership of its future.”
Sale of The Regent will leave Amalgamated Hotels with only the Marlborough Hotel in Newtown, which Solotel also operates.
The Bank, Sackville and The Clock are available individually or in-one-line through an Expressions of Interest process tipped to generate total sale value of more than $100 million.
Research by JLL notes recent consumer spending trends have been “supportive of the hospitality sector” and continue an upward trend, as ABS data shows annual household spending has risen from 4.1 per cent (March 2025) to 5.9 per cent (February 2026).
A sale campaign on the three pubs is being managed by JLL Hotel’s John Musca, Ben McDonald and Kate MacDonald, offering the combination of “high-performing hospitality businesses with premium real estate” and anticipating strong interest from a broad range of buyer groups.
“It’s a rare opportunity to acquire immediate scale through a high-conviction portfolio of premium metropolitan pub assets,” says Musca.
