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Sydney’s Crossroads Hotel sells for record $160m

A Sydney pub at the centre of a major COVID-19 outbreak in 2020 has set a national record for the sought-after asset class after selling to former Sydney Lord Mayor Nelson Meers for about $160 million.

The Crossroads Hotel in Casula, 34 kilometres south-west of the Sydney CBD, smashed the previous highest price paid for a pub – the $104 million acquisition of the Beach Hotel at Byron Bay in February 2020 by fund manager MA Financial (then called Moelis Australia).

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Larry Schlesinger was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/property/commercial/sydney-s-crossroads-hotel-sells-for-record-160m-20220409-p5acam