Billionaire Arthur Laundy shells out $300million to buy best known pubs in NSW trends now
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One of Australia's biggest hotel barons has parted with a whopping $300million to gain control of five iconic pubs.
Billionaire Arthur Laundy snapped up 50 per cent stakes in five well-known pubs across NSW that had been held by fellow hotels investor Fraser Short.
Some of the hotels in the deal include the iconic Watson's Bay Boutique Hotel in Sydney's eastern suburbs and the popular Northies in Cronulla.
Some of the hotels in the deal included the iconic Watson's Bay Boutique Hotel (pictured)
The industry heavyweight also snapped up control of The Farm (pictured) - a popular venue and tourist attraction at Bryon Bay
The purchases add to an impressive list of venues, hotels and bottle shops the group already own across the state including sites in Liverpool, Homebush, Wagga Wagga and Dubbo (pictured, Northies in Cronulla)
The industry heavyweight also snapped up control of The Farm - a popular venue and tourist attraction at Bryon Bay.
The other pubs picked up by the Laundy Hotel Group include the Lennox Head Hotel, the Illawong Hotel and the Park House in Mona Vale.
