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Bill Young Buys Griffith’s Gem Hotel for About $50 Million

The purchase marks Young Hotels’ first regional asset, with agents calling it a benchmark for NSW country pub values.

Overview

  • The acquisition from veteran hotelier Jim Knox lifts Young’s portfolio to seven venues, following six holdings in Sydney.
  • HTL Property’s Andrew Jolliffe and Xavier Plunkett brokered the sale and described the hotel as a trophy‑grade asset.
  • The Gem ranks among NSW’s top regional gaming venues with 29 poker machine entitlements and a 3am trading approval.
  • Annual revenue exceeds $13 million across food, beverage, gaming and accommodation, supported by 65 four‑star rooms.
  • The property includes the multi‑award‑winning Bull & Bell Steakhouse, and Bill Young signaled plans to invest further in the venue.