Hotel Hollywood, the popular Sydney watering hole and events venue, has hit the Surry Hills market after 42 years.
Located on Foster and Hunt Streets, this four-storey golden brick building was once owned by noted actress, vaudeville performer, and hotelier Doris Goddard. Named for its proximity to Sydney’s cinema industry, Ms Goddard used to perform at this hotel amidst fancy spinning mirror balls.
Following her death in 2019, Goddard’s estate tapped HTL Property’s Andrew Jolliffe, Sam Handy, and Blake Edwards to handle the sale of Hotel Hollywood.
Constructed between 1938 to 1942, Hotel Hollywood’s structure remains intact and unaltered, becoming a heritage-listed site in 2012. Even Ms Goddard’s mirror balls are still there.
The hotel currently carries a liquor license, gaming machines, and a rooftop space that has the potential for a beer garden. The first floor houses the hotel manager’s residence whilst there are nine rooms on the upper levels.
The agents said that the hotel has plenty of redevelopment opportunities, should the incoming owners decide to start fresh. HTL Property foresees the hotel’s temporary closure as the sale is still ongoing and waiting for a new owner to step in.
The company estimates that the deal could fetch more than $10 million and there have been expressions of interest from developers, investors, hoteliers, and restaurateurs given the history, location and the “iconic nature” of the building.