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Dixon Hospitality Group Buys Historic Watering Hole

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Hotel group Dixon Hospitality Group has added a historic pub in Albert Park to its expanding portfolio,Colliers International's Pat Connolly has facilitated the leasehold sale of the Vincent Hotel business to Dixon Hospitality Group after it was offered for sale by expressions of interest.

It follows the group’s acquisitions of the Wayside Inn in South Melbourne and Station Hotel in Footscray in 2014. These sales were also negotiated by Mr Connolly.

“The Vincent has undergone extensive refurbishments in the last few years – it really is an impressive venue,” Mr Connolly said.

“The substantial hotel comprises formal and casual dining, a public bar, two function rooms, smaller conference facilities and hotel offices over three levels.

“The third floor is not utilised by the public at present and consists largely of storage space and staff amenities – and this is where the hotel’s growth potential lies.”

The Vincent Hotel was established as the Red Eagle Hotel by JB Leech in 1889. It was, and still is, one of the largest hotels in the inner suburbs of Melbourne. The hotel’s name was changed to The Nest in 2005, then The Vincent in 2012.

Dixon Hospitality Group's Michael Dixon said the new owners intended to offer a relaxed dining atmosphere with a heavy emphasis on quality functions.

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Article originally posted at: https://theurbandeveloper.com/articles/dixon-hospitality-group-buys-popular-watering-hole