Historic Victorian gaming hotel business for sale
The Town Hall Hotel sits prominently on the main street of Stawell – a town of 6,000 residents on the busy Western Highway around 234km north-west of Melbourne. The impressive hotel has been listed for sale with Melbourne agents Connolly Hospitality.
In addition to its gaming room (equipped with 23 electronic gaming machines), the Town Hall Hotel comprises a large public bar with TAB, family bistro and lounge, large function room with its own bar and toilets, an outdoor decking/courtyard area and more.
Built during Victoria's gold rush (circa 1873) and extended three times since, the Town Hall Hotel has been continuously operating for the last 131 years. The hotel – a prominent main street landmark – is located in the town's busy shopping strip opposite the town hall itself, central to Stawell's amenities and attractions.
Selling agent Pat Connolly of Connolly Hospitality commented: "We're really excited to offer the Town Hall Hotel for sale - it's a substantial business showing impressive financial performance."
According to the Melbourne agents, demand for gaming venues in Victoria is currently outweighing supply.
"There is a finite number of gaming machines in Victoria – each municipality also has its own cap on gaming machine numbers. As a result, gaming venues are not always readily available to those looking to purchase," says Connolly.