A low profile private family has outbid bar baron Justin Hemmes, publican Stuart Laundy and movie star Russell Crowe for the keys to the Hollywood Hotel, paying up to $10 million for the well-known Surry Hills watering hole.
The Hollywood Hotel on Foster Street, Surry Hills, Sydney has been sold to a private family for $10 million. Doris Goddard, who was once a Hollywood actress, bought the four-storey art-deco property for $175,000 in 1977. She died in July 2019 at 89. The sale process for the pub began last month, and drew interest from more than 100 potential buyers, including from overseas.
There had been concerns among patrons that a developer would be more interested in the site’s development potential rather than maintaining it as a pub.
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Source: SkyNewsAust - 🏆 7. / 78 Read more »