Processing timeline
18
days
Acquirer(s)
Nelmeer Ashfield Pty Ltd as trustee of the Nelmeer Ashfield Trading Trust ABN - 24 087 218 896, Meerlen Pty Limited as trustee of Vic on the Park Trust ABN - 57 228 189 209
Target(s) or Vendor(s)
JDA Peakhurst Hotel Trading Pty Ltd as trustee for JDA Peakhurst Hotel Trading Unit Trust ABN - 30 258 368 694, JDA Peakhurst Hotel Investments Pty Ltd as trustee for JDA Peakhurst Hotel Investments Unit Trust ABN - 97 966 437 953
Other parties
None listed
Sonnel Hospitality Group is acquiring the Peakhurst Inn Hotel, a full-service community hotel, from entities associated with JDA Collective. This hospitality asset purchase includes the freehold going concern, comprising land, hotel building, liquor licence, business, and goodwill. Sonnel Hospitality operates 19 Sydney hotels.
Sonnel Hospitality Group ( Sonnel Hospitality ) proposes to acquire the Peakhurst Inn Hotel at 705 Forest Road, Peakhurst NSW 2210 (trading as The Peakhurst ). Sonnel Hospitality proposes to acquire the freehold going concern of The Peakhurst, comprising the land, hotel building, NSW Hotel Liquor Licence, business, goodwill, plant, equipment and stock. The acquisition is structured as two concurrent asset purchases: freehold/land by Meerlen Pty Limited as trustee of Vic on the Park Trust, and business by Nelmeer Ashfield Pty Ltd as trustee of Nelmeer Ashfield Trading Trust. Sonnel Hospitality (formerly Nelson Meers Hotel Group) is a privately-owned, community-driven hospitality group that owns and operates 19 hotels/pubs in Sydney. Its venues offer on-premises sale of alcohol, takeaway packaged liquor, food, gaming, TAB/Keno and accommodation. Sonnel Hospitality currently operates two hotels within 5 km of The Peakhurst: Hurstville Ritz Hotel (350 Forest Road, Hurstville NSW 2220) and Wiley Park Hotel (67 King Georges Road, Wiley Park NSW). Wiley Park Hotel has an on-site bottle shop. The Peakhurst is a full-service community hotel located at 705 Forest Road, Peakhurst NSW 2210, in the Georges River local government area of metropolitan Sydney. It is owned and operated by entities associated with JDA Collective. Both parties supply hotel/hospitality services including the sale of alcohol for on-premises consumption, takeaway/packaged liquor (via attached bottle shops), food and beverage, gaming (electronic gaming machines), TAB/Keno wagering, short-term accommodation, and function/entertainment services.