
Rydges Geelong
89-105 Gheringhap Street, Geelong, VIC, 3220, AU
JLL Hotels & Hospitality Group is pleased to announce the successful sale of the freehold going concern interest in Panorama Hotel Motel in Bathurst NSW.
The deal marks the largest regional pub sale in over 12 months and the second largest since February 2023, signalling a significant revival in demand for substantial country hotels.
Positioned on an expansive three-acre site in the heart of Bathurst—NSW's 8th largest inland city, just three hours west of Sydney—the Panorama Hotel Motel has been owned by the Gibbons family for 11 years, and run under management for a portion of that time.
The impressive property is strategically located on Durham Street, the main thoroughfare through Bathurst, adjacent to the Bathurst Showground. The acquisition includes 12 gaming machine entitlements (GMEs), 70 well-appointed motel suites, a currently unused manager's apartment, swimming pool, and ample off-street parking for 87 vehicles. While the hotel's lower ground floor has been a popular venue for local celebrations, it currently operates on a bookings-only basis.
The purchasers operate a range of award-winning regional venues under the Harris and Narvo Hotels banner including Hotel Gosford and the Lakes Hotel on the Central Coast, in addition to venues in the Newcastle and Snowy Mountains regions. Peter and Jane Harris, and Gary and Kerry Narvo were inducted into the AHA NSW Hall of Fame at the 2024 Awards for Excellence.
JLL thanks the Gibbons Family for allowing us to represent them in this monumental off-market transaction and we wish Gary, Peter, Jordan and the rest of the Harris and Narvo Hotels group the best of luck in their future endeavours in Bathurst.
With the second half of the 2025 calendar year now well underway, JLL anticipates strengthening buyer interest as vendors receive their financial year-end results. Combined with three expected interest rate reductions, the market is positioned for heightened activity in the coming months.
For further information or to discuss the market, please contact on the JLL’s national pub team.