One of Australia's most recognised heritage hotels has put the for sale sign up more than 120 years since it was first constructed.
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The Hydro Majestic Hotel, in the town of Medlow Bath in the NSW Blue Mountains, is listed with an Expressions of Interest Campaign by hotel brokers HTL Property.
"Few hospitality assets possess the recognition, history and architectural significance of the Hydro Majestic. It is one of those rare properties that transcends traditional hotel investment; it is a genuine Australian institution," said HTL Property Director, Nic Simarro.
The Hydro Majestic was the brainchild of retail magnate Mark Foy who opened it as the country's first hydropathic health retreat in 1904.
Over its history, the hotel has welcomed prominent guests including Sir Arthur Conan Doyle and Australia's first Prime Minister, Sir Edmund Barton.
Today, the hotel which sits along an escarpment overlooking the Megalong Valley, has 84 guest rooms and suites and has been extensively restored with its deco interiors a tourist attraction.
This includes the meticulously preserved Casino Lobby, its magnificent domed ceiling and the grand Majestic Ballroom.
Its Wintergarden Restaurant is renowned for its high tea and panoramic views across the Blue Mountains, complemented by Salon du Thé and the Boiler House Café, located within the hotel's historic former power station.
The property also holds a valuable hotel licence, providing scope for the future introduction of gaming entitlements, subject to regulatory approvals.
In addition, the expansive landholding presents further opportunities for strategic enhancement and value creation.
The property is being sold by current owners and operators Salter Brothers.
"The sale represents the next stage in the evolution of the Hydro Majestic, a truly unique and extraordinary Australian hospitality asset. Its rich history, substantial landholding and stunning position overlooking the Megalong Valley make it unlike any other hotel in the Blue Mountains," said Steven Skarott, Director of Hotels at Salter Brothers.
The property also offers opportunity for further development with the prospect of adding an additional 91 suites, an approved conference facility and the potential to reopen the property's Roadhouse bar.
Jen Melocco
Previously she lead the editorial team for two of Australia's most read property magazines for Domain, and published within premier Nine media brands The Australian Financial Review and The Sydney Morning Herald.
