Former Rich Lister Peter Mattick and the family of his late business partner Phil Salter have cashed in on strong demand for pubs in coastal hotspots after selling the Port Macquarie Hotel for $57 million to a NSW hotelier.
snapped up the freehold to the art deco venue in December 2010 for $15.8 million from then-listed Redcape Property Group.Four years later, their Taphouse Group acquired the leasehold to the Port Macquarie Hotel from theThe record price paid for Port Macquarie’s oldest standing pub follows commercial and residential real estate values in the town surging during the pandemic as people escaped the big cities for coastal and regional hubs., just a short walk from the Port Macquarie Hotel.
Standing since 1939 on a large 2878sq m site at 8 Horton Street in the centre of Port Macquarie, the two-storey Port Macquarie Hotel includes gaming machines, a drive-through bottle shop, a restaurant and 16 accommodation rooms.
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