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Orange pub, the Royal Hotel sets regional NSW sale record | Central Western Daily



news, local-news, business, record sale price, Orange NSW, Royal Hotel Orange

An Orange hotel has set a new record sale price for pubs in regional NSW only two weeks after the Robin Hood Hotel set the record at $19 million. The Royal Hotel, on the corner of Lords Place and Summer Street, was this week bought for $24 million, a figure suggested by industry insiders. Pub Brokers & Advisory sold the the Royal as part of a five-hotel portfolio believed to be worth around $75 million belonging to MPK to a newly-formed syndicate known as Investment Management Group. The other pubs in the sale were The Dudley Hotel (Bathurst), The Castlereagh Hotel (Dubbo), The Federal Hotel (Wellington) and The Federal Hotel (Mudgee). Pub Brokers &…

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