Popular tavern hits the market
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.”