Historic hotel for sale

Written By miftah nugraha on Sabtu, 30 Maret 2013 | 19.55

Hadleys Hotel, built by convicts in 1848, has been put on the market by receivers.

ONE of Hobart's grandest hotels has been put on the market by receivers and managers.

The Mercure Hadleys Hobart Hotel and Grand Mercure Hobart Central Apartments had been operated on a business-as-usual basis by chartered accountants Korda Mentha since January last year.

The sale covers a $30 million development of 125 brand new serviced apartments, conference facilities, restaurant and cafe in Inner Collins St as well as the 71-room boutique hotel.

Agents Jones Lang LasSalle have called for expressions of interest by April 15.

Hadleys Pty Ltd, which has been operated by the Doherty family, was placed in receivership last year owing BankWest $60.45 million.

The Doherty family operated a number of hotels around Tasmania, including Tidal Waters at St Helens as well as the Campbell Town and Ross hotels and once owned what is now the Grand Chancellor hotel in Launceston.

Last year the National Australia Bank appointed Ferrier Hodgson as receiver of the St Helens resort known as Tidal Waters. A report to the Australian Securities and Investments commission said Tidal Waters Pty Ltd owed the NAB $4.9 million.

KordaMentha was appointed to seven companies on behalf of secured creditors.

The creditors included Vos Constructions, which built the Inner Collins St apartments.

The sale follows the recent sale of the Macquarie Inn for $13.65 million by CBRE Hotels on behalf of Korda Mentha.

The Penny Royal hotel in Launceston is also being sold on behalf of the receivers of Bluechip Properties Australia Pty Ltd.

Hadleys Hotel was built by convicts in 1848.

Its first owner was former convict John Webb, who was transported to the colony for house-breaking.

After Webb died in 1881, the new licensees, John and Mary Hadley, changed the name to Hadley's Orient Hotel and the Hadley family operated it for 55 years.

The Doherty family bought Hadleys in 1999.


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