Bar Broadway Hotel, a heritage-listed public landmark in Sydney, has gone on the market after 20 years. Formerly known as Sutherlands Hotel, the property located in Chippendale is at the heart of the development of Sydney’s new “Silicon Valley,” Chinatown, and the busy Central Station.
John Musca, the managing director of JLL Hotels & Hospitality Group, said that it has been a long time since a hotel with “broad-based business drivers” was offered to the market. The offer includes a 24-hour hotel licence with a coveted thee-hour gaming shutdown, 28 electronic gaming machines, bar and two levels with 36 accommodation beds.
In Sydney, only a handful of hotels have a three-hour gaming shutdown as most permits provide shutting down gaming for six hours daily. The site is also in a plum position to cater to a growing commercial and retail market, as well as a residential location for international students and professionals.
Bar Broadway Hotel has an activated development as well that may allow for expansion to two more storeys to nearly double its room capacity.
Constructed in 1939, the former Sutherlands Hotel was also known as the Tooth and Co pub, the Westminster Hotel, and Guys & Dolls Hotel. Its current owner is a retiree based in the United Kingdom.
The building, designed by Rudder & Grout, is “one of the few corner hotel ceramic tiled interiors to be retained largely intact,” per the Council’s heritage listing.
Expression of interest for this property is expected to close on 30 June 2022 with a price tag of $45 million.