The popular and award-winning Railway Hotel de Parkes has been sold to a local investor in a deal facilitated by JLL Hotels & Hospitality in conjunction with Moore & Moore Real Estate.
The hotel was sold on behalf of Bianca Sheridan and Kasie Fergusson who bought the hotel in 2010 and have spent the past 11 years building one of the Midwest’s most renowned pub destinations.
Sheridan and Fergusson are excited about the next step, saying, “We are very proud of the site we have built and all that we have achieved. We are extremely grateful to our industry and all the opportunities it has given us.
“We would like to thank everyone who made our trip possible, all of the team members over the years, our loyal customers, our family and the continued love and support of the Parkes community. We are delighted to take a little break, then start over and focus on ourselves and our three beautiful children. “
The freehold sale includes a 24-hour hotel license, a public bar and dining room on the ground floor, a game room with six precious GMEs, and a beer garden. The first floor features the urban-style ‘Hart Bar’, named after the couple’s first child, and serves as the local hub for entertainment and cocktails in Parkes, as well as a fully refurbished three-bedroom manager’s apartment. .
JLL Hotels Vice President Kate MacDonald, alongside Deane Moore, facilitated the transaction through a public expression of interest campaign.
“Bianca and Kasie have truly created a local gem at the railroad,” said Moore. “Their undeniable work ethic and ability to listen to the community’s desires for a local hotel destination has enabled them to successfully divest themselves and move on to the next big adventure for their family.”
MacDonald said she was optimistic about the continued dynamism of the regional hotel sales market, stating, “JLL Hotels & Hospitality has serviced a regional NSW hotel every two weeks so far in 2021 and more. 10 more at different stages of the sales process. As travel restrictions are imposed and interest rates remain low, we cannot see the regional frenzy abating anytime soon. “