After seven years of ownership, W. Short Hotel Group has sold the Tudor Hotel Redfern, along 90 Pitt Street, to Universal Hotels for an estimated $17 million.
The sale serves as the latest benchmark for hotel values in the inner-city suburbs, triggering a renewed interest in the hospitality industry. W. Short Hotel Group CEO Martin Short, of the Anderson and Short families, said the decision to sell Tudor Hotel Redfern was a difficult choice but, ultimately, it was the “right next step” for the family business.
Mr Short also believes that Universal Hotels will carry on the great work that the team at Tudor Hotel Redfern has done for the last seven years. Universal Hotels, under the Kospetas family, is the operator of The Oxford Hotel in Darlinghurst, Hotel Downing in the CBD, and the Bat and Ball Hotel in Redfern.
The Tudor Hotel has a long history as a community pub. It was originally called The Cricketer’s Rest in the 1860s and was established by Australian cricketer John Louis Kettle, who wanted to take advantage of the site’s proximity to the former Albert Ground, where cricket was the most popular sporting event.
Photo Credit: Time Agents
However, the private owners of Albert Ground, decided to sell and subdivide their property in 1879, thus ending all sporting events in the precinct. The area was eventually used for public housing. By this time, Mr Kettle has long given up ownership of The Cricketer’s Rest, which was eventually bought and renamed to Tudor Hotel.
Today, the hotel continues to deliver the greatest pub experience in Redfern and it is regarded as one of the best dog-friendly venues in the inner-city suburbs.
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