Woolstore buys Hadleys Hotel

Written By miftah nugraha on Jumat, 26 Juli 2013 | 19.55

HOBART'S grand old Hadleys Hotel has been bought by the operators of the award-winning Woolstore Apartments.

Receivers were appointed in January last year, not long after Hadleys completed a $30 million extension including luxury apartments, conference facilities, restaurant and cafe.

The company owed Bankwest $60.45 million and the hotel was placed on the market in April last year.

The hotel and the Grand Mercure Hobart Central Apartments had been operated on a business-as-usual basis by chartered accountants Korda Mentha.

Old Woolstore Apartment Hotel managing director Jon Lister said the purchase of Hadleys was an exciting opportunity and an endorsement of the Tasmanian tourism market.

"This purchase is part of our team's strategic vision and we intend to invest significantly in the restoration of Hadleys Hotel back to the iconic business that Tasmanians have known for over 150 years," he said.

"Building on the success and reputation of The Old Woolstore Apartment Hotel, the new management team will implement a similar structure at Hadleys and foster the same culture.

"Providing genuine, friendly customer service while upholding the highest standards of professionalism and quality product is a tried and tested formula and one which we intend to maintain."

Hadleys was built by convicts in 1848. Its first owner was ex-convict John Webb, who was transported to the state 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.

Doherty Group bought Hadleys in 1999. The group has been a major hotel and accommodation owner in Tasmania for some years.

Completion of the sale is scheduled for September 18.

david.killick@news.com.au


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