Australia's most significant sub-metro hotel sale in 2026 announced by HTL Property

Leading national brokerage agency, HTL Property, today proudly announces the successful sale of Orange’s landmark Hotel Canobolas; in what represents the most significant sub- metropolitan hotel transaction recorded in Australia during calendar year 2026.

The particularly prominent Freehold Going Concern hotel asset has been acquired by the highly regarded hotel group -– MA Financial’s Redcape Hospitality; and follows an off-market sale process exclusively managed by HTL Property’s Andrew Jolliffe and Dan Dragicevich.

The Vendor is a consortium of private investors led by the Sukkar family from Buildcorp, The Point Group, Ian Mayer, and Anthony Lucisano; whose stewardship of the Hotel Canobolas has preserved both the physical grandeur and operating significance of the Central West institution.

“We purchased the Hotel Canobolas with a commitment to improving the asset and making a positive contribution to the local community" advised The Point Group CEO, Brett Robinson.

“We are proud of the improvements delivered during our ownership and the value created for both the Hotel and the broader Orange community" Robinson added.

“It has been a privilege to be part of the Canobolas story and we are pleased to see the Hotel Canobolas enter its next chapter in a strong position, with the new owner well placed to continue its vision for the property and build on what has been achieved to date. We thank the Orange community, our regulars, visitors and amazing hotel staff for their support and especially our team for the dedication, pride and warmth they have brought to the hotel every day. Their contribution has helped uphold its iconic legacy as one of the best pubs in the west and we wish Redcape every success as they take the Canobolas into its next chapter" Robinson concluded.

Built in 1939 and occupying an imposing commercial landholding in the very heart of Orange’s CBD, the Hotel Canobolas is widely regarded as one of the most recognisable and physically largest traditional hotels anywhere in Australia.

The stately hotel's sheer scale is reflected across an extensive and multi-department hospitality offering incorporating numerous bar and dining areas, a substantial accommodation inventory comprising 45 activated rooms and 69 rooms in total; multiple function spaces, gaming facilities and expansive courtyard areas.

Few, if any, regional hospitality assets can lay claim to a history as steeped as that enjoyed by the Hotel Canobolas. Across more than eight decades the property has operated as a social and hospitality centrepiece for Orange and the broader Central West of NSW; with its celebrated history including hosting an event for Her Majesty Queen Elizabeth II.

Today, the Hotel Canobolas continues to occupy a similarly important position within the increasingly prosperous Orange economy. The business generates in excess of $10 million in annual revenues across awholly diversified combination of food, beverage, gaming, accommodation and other income streams; while the property itself enjoys substantial street presence along Orange’s principal Summer Street retail and hospitality strip.

“The Hotel Canobolas is an incredibly rare hospitality asset in an Australian context. Its physical scale, trading diversity, accommodation inventory and genuine landmark status are attributes which, individually, are highly attractive; however when presented collectively within one property, they create an acquisition opportunity that is almost impossible to replicate” advised HTL Property CEO, Andrew Jolliffe.

“Hotels of this stature rarely come along. They occupy an enduring place in their local community, and operators like us are fortunate to be able to steward them. We will do that with great pride and excitement. We will continue to invest in the pub and deliver an existing development approval that expands the ground floor and accommodation whilst preserving and enhancing the amazing art deco character of this iconic property” commented Redcape CEO, Chris Unger.

“Hotel Canobolas will sit neatly in a growing subset of our portfolio along with our other quintessential regional city venues such as Hotel Brunswick, at Brunswick Heads. These venues all share similar attributes in that they are iconic, large format and pivotal to the social dynamic of their growing communities for both locals and tourists alike” added Unger.

“The successful purchaser, Redcape, is one of the most experienced and highly credentialed hospitality groups nationally, and the acquisition of a property of this significance is entirely consistent with the considered manner in which sophisticated hotel groups continue to pursue irreplaceable assets with genuine long-term relevance” HTL Property National Director, Dan Dragicevich added.

Orange itself has emerged as one of NSW’s most economically resilient inland cities, underwritten by strong agricultural, mining, healthcare, education, tourism and viticulture sectors; while continuing to benefit from material public and private infrastructure investment.

“The Hotel Canobolas is, in our considered view, not simply a pub; rather it is the centrepiece of the Central West hospitality landscape, and an asset whose extraordinary physical scale, historical relevance and commercial importance distinguishes it from almost every other traditional hotel in the country" advised HTL Property CEO, Andrew Jolliffe.

“Transactions of this nature are important because they provide a salient illustration of the depth and sophistication of capital presently seeking exposure to the asset class. The alignment of a generational property such as the Hotel Canobolas with an experienced institutional-quality operator in Redcape is, accordingly, entirely appropriate; and represents what we consider to be the most significant sub-metro hotel transaction of 2026" Jolliffe added. The sale adds to an exceptionally active calendar year for HTL Property, with the specialist national brokerage firm having now managed approximately 60% of all pub transactions completed across New South Wales during 2026.

“Market share of this magnitude is ultimately a function of trust, execution and access to the deepest buyer universe available; and we remain enormously grateful to our valued clients for continuing to entrust our firm with assets of this calibre and importance” concluded HTL Property National Director, Dan Dragicevich.

HTL Property, 11th November 2026