Nick Quinn buys The Tourist Hotel in Queanbeyan, NSW for $14 million through HTL Property

A syndicate led by NSW publican Nick Quinn has taken ownership of the freehold going concern hotel in a deal believed to be in the vicinity of $14 million.

The pub recently went through a refurbishment and includes a bar, bistro, beer garden, outdoor gaming room and 18 accommodation rooms.

Mr Quinn and publican Sean O'Hara this week sold Windsor Castle Hotel in East Maitland for an inland regional record of $51 million.

Mr Quinn is also part of syndicates which recently purchased the Manning River Hotel in Taree and the Thomas Blamey Tavern in Wagga in deals worth a reported $20 million and $27 million, respectively.

Situated on nearly 2000 square metres of land, The Tourist Hotel also features a 3am liquor licence for Monday through to Saturday and 16 gaming machine entitlements.

The off-market sale was exclusively managed by HTL Property director Blake Edwards and national director Dan Dragicevich.

Mr Edwards would not comment on the sale price but said Queanbeyan was a desirable location for purchasers due to its low proportion of pubs relative to the population.

"Queanbeyan is a patently high-performing gaming area and the pubs are commensurately tightly held," he said.

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He said buyer activity remained strong for premium hotel assets.

The sale comes days after a renowned Sydney pub hit the market this week with $175 million price expectations.

For those with a more modest budget, the Wellington Hotel in the Central West region of NSW is for sale for less than $800,000.

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