Beloved Sydney Venue Hollywood Hotel Has Been Put Up for Sale for the First Time in Four Decades
The watering hole has been put on the market following the 2019 passing of owner and trailblazing publican Doris Goddard.
Change is on its way to Surry Hills' much-loved Hollywood Hotel, with the pub currently on the market. The venue, which sits at the corner of Forster and Hunt streets, has been listed by HTL Property. The property agency specialises in the hotel and hospitality industry, and expects the sale to be "one of Sydney's most keenly contested pub sales this year". The sale comes after Hollywood Hotel publican Doris Goddard passed away in July 2019, and marks the first time it has been sold in more than four decades.
Goddard owned and operated the pub for 42 years, running the Belmore Park Hotel in Surry Hills, Balmain's West End and Newtown's Marlborough Hotel before the Hollywood. Goddard was an industry pioneer, a 50s film star, a cabaret performer and an activist, actively protesting against Sydney's lockout laws during the final years of her life. Goddard's estate appointed HTL Property in charge of the sale of the hotel following her passing.
The agency describes the venue as "a veritable blank canvas for an incoming operator", featuring a 3am liquor license, gaming machines, and hotel accommodation located among high profile Sydney restaurants like Chin Chin, Nomad and Poly. Also noted: the hotel's sun-drenched rooftop, which it's suggested could become a rooftop beer garden.
HTL Property also mentions significant redevelopment potential, marking the possibility that the pub's last drinks could be fast approaching.
The impending sale of the Hollywood Hotel comes after a string of recent hotel sales, including Merivale's purchase of The Duke of Gloucester and the $7 million sale of Paddington's Four in Hand. Over the past two years, HTL Property has overseen the sale of Darlinghurst's Courthouse Hotel, Pyrmont's Quarryman's Hotel and The Bells Hotel in Woolloomooloo.
The expression of interest campaign for the Hollywood Hotel will end at 4pm on Thursday, May 20.
Top image: Bidgee via Wikimedia Commons.
Published on April 22, 2021 by Ben Hansen