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Hemmes checks out Sydney’s Oaks Hotel, said to be worth $175m

Aaron Patrick and Larry Schlesinger

Sep 2, 2022 – 4.01pm

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Justin Hemmes, Sydney’s most prominent hotel owner, suggested that he might be interested in buying the Oaks Hotel in Neutral Bay, during an inspection of the premises on Friday.

Mr Hemmes’ private Merivale group specialises in refurbishing traditional pubs in a faux French style, an approach that has been hugely popular in Sydney’s eastern suburbs but has not been tried on the more conservative lower north shore.

Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom.

Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom.