Peter Wynne snaps up Royal Hotel in Richmond for $18m

The Royal Hotel in Sydney’s north west has been sold to hotelier Peter Wynne. 

“Following our departure from the Martin Place Bar, myself and my wife Karen have conducted due diligence on numerous properties, however we weren’t prepared to transact until such time as we had found the appropriate re-entry point through which to reapply the skills we have collectively garnered over decades in the hospitality industry,” said Wynne.

“In the Royal Hotel at Richmond, we have found such a property.

Publican Mal Russell sold the Richmond hotel to leave the industry.

“Our family’s tenure in Richmond has unfortunately come to an end, but it has been a thoroughly enjoyable journey,” said Russell.

“We thank the local community and also congratulate Peter and Karen on a fantastic purchase. As I always say, all roads lead to Richmond!”

HTL Property's Dan Dragicevich and Sam Handy negotiated the off-market sale.

“The Russell family have established the Royal as a true focal point of the Richmond community in their 10 years of ownership,” said Dragicevich.

“This traditional owner operator style is something they share with the incoming purchaser who, given their undisputed pedigree across both food and beverage disciplines, will no doubt build upon the fantastic legacy they are inheriting.”

Sheridan Randall, 18th July 2019