Following an international EOI campaign, the Padstow Park Hotel has sold under the hammer to incumbent operators JDA Hotels. The Padstow was purchased in 2014 by White & Partners for $13.7 million from Coles’ Spirit Hotels, with John Feros’ JDA Hotels to operate it, holding a ‘skin in the game’ minor equity share. Coming to […]
JDA TAKES FULL OWNERSHIP AT AUCTION OF PADSTOW PARK Read More »
John Feros’ JDA Hotels has listed Top200 pub the Padstow Park Hotel, with new extended trading and price expectations in the high $20 millions. After executing sale-and-leaseback of the Group’s Allawah Hotel last September, and record-breaking auction of the development-ready Tennyson to Merivale in late 2016, the large-format Padstow Park will also go to auction,
John Feros’ JDA Hotels has been tempted to market with its newly-acquired top-100 Tennyson Hotel. Just 14 months after snapping up the asset for around $27 million, JDA has re-listed the Tennyson with high expectations for a hot market especially starved of top-ranking gaming pubs. Located on Botany Rd, a stone’s throw from Sydney’s Mascot
Yet another of the State’s top gaming pubs has sold in another show of force for the pub and gaming industries. John Feros’ JDA Hotels has grabbed Mascot’s Tennyson Hotel for around $27 million as the national pub market continues to sizzle. Listed in OLGR’s most recent report as #94 gaming pub in NSW, the
A top gaming hotel has sold for $25 million, in one of the State’s “fastest growing LGAs”. The Macquarie Hotel, in Liverpool in southern Sydney, is currently ranked #57 on the OLGR gaming venues list, and boasts 30 EGMs and a 24-hour licence. The outgoing owners, JDA Hotels, held the property for nearly 30 years.
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