A private buyer has made their foray into the WA hospitality sector, purchasing ALH Group’s Brighton Hotel in Mandurah under the hammer for $3.675 million.
More than 50 people attended the onsite auction of the Brighton Hotel, which was acquired by ALH Group as part of a portfolio of 12 assets from collapsed company Compass Hotel Group. The sale represents the second divestment in the $86 million portfolio following the group’s sale of the Princes Road Tavern in 2012.
ALH Group retains ownership of the remaining 10 assets, which includes well-known venues such as The Carine, The Greenwood and the Albion.
The Brighton Hotel, located at 12 Mandurah Terrace is a purpose-built tavern and restaurant located on a 1,300sqm landholding offering north-west estuary views. The venue includes a restaurant, rear public bar and courtyard, and upstairs function area – all of which capitalise on outstanding views.
CBRE Hotels’ Ryan McGinnity and Chloe Mason steered the sale process, with colleague Ben Younger auctioneer on the day.