Inner West institution, the Warren View Hotel, has been listed for sale with a price guide of $18,000,000. The hotel has been owned and operated by Theo and Tanya Damianakis for a period of 17 years, and comes at a time when the single asset operators are considering exiting the industry after a long and illustrious career spanning some four decades.
Leading national pub brokerage firm HTL Property has been exclusively appointed to sell the hotel with agents Sam Handy, Dan Dragicevich and Blake Edwards steering the sale process.
The specialist agency has recently transacted other comparable inner city hotels such as the Rose,Shamrock & Thistle, Lansdowne Hotel and the Light Brigade Hotel.
The Warren View Hotel has undergone two major reconfigurations over the last five years, and which has seen approximately $5 million* spent on extensive renovations and refurbishment. The popular hotel now enjoys two kitchens servicing one of the largest patron capacities and most expansive trading footprints within the Newtown and Enmore precincts. Owner Theo Damianakis cited the recent 2am extended trading approval as further rationale behind the sale, suggesting the business was well positioned for an operator seeking to reposition the food and beverage proposition.
"We've operated the business for some seventeen years and are simply ready to hand the torch over to the next operator," suggested longtime owner, Theo Damianakis.
"We're selling with a heavy heart but feel as though the time is right for both Tanya and I to move onto the next stage of our lives," he added.
The business currently generates ~$3,600,000* per annum across bar, food and gaming; and with scope for an incoming operator to significantly amplify these revenues with a reinvigorated food and beverage offering.
The Warren View Hotel is currently being traded with annual employment expenses of $1,700,000 - which equates to 47 per cent of turnover, and which is considered excessive for a business that only historically trades until 12:00 midnight.
"The Warren View Hotel represents an incredible opportunity for an incoming operator to rapidly build value into the business," suggested HTL Property Director, Sam Handy.
"A recent 2am trading approval, circa $5 million renovation and refurbishment, large patron capacity, expansive trading footprint and an outgoing single-asset owner all within one of Sydney's busiest entertainment precincts is frankly magnetic to the investor landscape," Mr Handy added.
The hotel is prominently positioned at the intersection of Stanmore and Enmore Roads, on an exaggerated 800sqm site with favourable planning approvals supporting future redevelopment of the site.
The Newtown & Enmore precincts are home to some of Sydney's brightest and best operators such as Merivale, Solotel, Odd Culture Group and the Reilly Group.
"The Warren View Hotel has been impeccably restored and maintained by the owners, and consequently provides an incoming operator with a very strong cash flow model and with very limited capex requirements.
"Given prohibitive construction costs in today’s market, this aspect of any investment opportunity is something the market looks at very closely," concluded HTL Property National Director, Dan Dragicevich.
The Warren View Hotel is being sold exclusively via leading agency HTL Property, and with Expressions of Interest scheduled to close on Thursday 2 October 2025 (if not sold prior).
