Pop­u­lar tav­ern hits the mar­ket

Mt Druitt - St Mary's Standard (East) - - NEWS - Jil­lian McKee

ONE of the area’s most pop­u­lar en­ter­tain­ment venues, the Lone Pine Tav­ern in Rooty Hill, was put up for sale this week.

Owned by Syd­ney hote­lier fam­ily the Feros Group, the prop­erty is ex­pected to fetch more than $30 mil­lion.

The tav­ern is in a prime lo­ca­tion next to Rooty Hill train sta­tion and has been ren­o­vated to in­clude three bars, a TAB, bistro gam­ing lounge with 28 gam­ing ma­chines, func­tion room, large beer gar­den, chil­dren’s play area and bot­tle shop.

Spokesman Chris Feros said the Lone Pine was be­ing sold to fo­cus on new op­por­tu­ni­ties. “The ho­tel is an im­pres­sive as­set which con­tin­ues to grow but our group’s re­sources are fo­cused on the new projects and we ap­pre­ci­ate that there are oper­a­tors bet­ter suited to op­ti­mis­ing this busi­ness then we are,” he said.

The prop­erty is be­ing sold through John Musca at JLL Ho­tels and Hos­pi­tal­ity Group who said: “The cus­tomer ex­pe­ri­ence in Syd­ney ho­tels has im­proved markedly in re­cent years and with res­i­den­tial den­si­ties in­ten­si­fy­ing, par­tic­u­larly around main pub­lic trans­port nodes, and en­joy­ing high bar­ri­ers to en­try, it stands to rea­son that these busi­nesses are be­com­ing more valu­able.”

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