L90 Capital grabs Salisbury Hotel in Stanmore, Sydney
L90 Capital has purchased the Salisbury Hotel in Sydney’s inner-western suburb of Stanmore. Source: Supplied
Mr Madden founded L90 Capital in September 2011 after working for the $300m private equity fund led by Mark Carnegie and John Wylie.
He declined to comment yesterday but it is understood Gerard Dore, who operated The Tilbury, Beach Road, and The Steyne, will run the hotel.
Andrew Jolliffe and Joel Fisher of Ray White Hotels Australia sold the three-level pub. The sale follows a series of Sydney pub sales this year, including the Woollahra Hotel, Woolloomooloo Bay Hotel, Mosman’s Buena Vista and the Royal Hotel in Paddington.
Mr Jolliffe said that 2015 had been a watershed year.
“The past 12 months or so has seen the sale of some significant hotel properties ranging from the eponymous food and beverage institutions the Newport Arms and Woollahra Hotel, purchased by Justin Hemmes’ Merivale and Mitchell Waugh’s Public House Management Group respectively, to A-grade gaming operations such as the trackside Panania and Belmore Hotels,” he said.
Source: The Australian, Ben Wilmot, 19th November 2015
Originally published as: L90 Capital grabs Salisbury Hotel in Stanmore, Sydney
