Feros family swoops on Sydney’s Crystal Palace Hotel for $35m

The Australian Financial Review
04-30

The Crystal Palace Hotel in Sydney’s CBD has sold for the first time in 45 years to the Feros’ family’s JDA Hotels for about $35 million, as the booming pub sector consolidates.

The pub was owned and operated as single-asset investment by Jimmy Galanakis, who is in his 80s, and his family for nearly five decades.

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