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| Annandale Hotel could sell within days, says agent | Annandale Hotel could sell within days, says agent |
| (4 months later) | |
| The legendary Annandale Hotel could sell within days but it will more than likely stay an entertainment venue, according to the real estate agent negotiating the sale. | The legendary Annandale Hotel could sell within days but it will more than likely stay an entertainment venue, according to the real estate agent negotiating the sale. |
| Commercial agents Knight Frank and the hotel’s receivers have denied reports from the Daily Telegraph that the Annandale had been bought by a commercial developer. | Commercial agents Knight Frank and the hotel’s receivers have denied reports from the Daily Telegraph that the Annandale had been bought by a commercial developer. |
| Both hinted a sale could be finalised within days but emphasised nothing had been signed yet. | Both hinted a sale could be finalised within days but emphasised nothing had been signed yet. |
| A spokeswoman for Knight Frank said the Sydney hotel - which has hosted some of the most fabled moments in Australia’s rock history - could still be a home of live music under the potential new owners. | A spokeswoman for Knight Frank said the Sydney hotel - which has hosted some of the most fabled moments in Australia’s rock history - could still be a home of live music under the potential new owners. |
| “The information which is in the Daily Telegraph is incorrect,” she said. | “The information which is in the Daily Telegraph is incorrect,” she said. |
| “It hasn’t been sold and it will most likely remain in entertainment when it is.” | “It hasn’t been sold and it will most likely remain in entertainment when it is.” |
| The Daily Telegraph quoted unnamed insiders close to the deal saying papers would be finalised tomorrow and a developer had won the bid against a well known live music venue operator. | The Daily Telegraph quoted unnamed insiders close to the deal saying papers would be finalised tomorrow and a developer had won the bid against a well known live music venue operator. |
| The live music venue operator has been trying to buy the Annandale Hotel since it was put into receivership in February according to multiple ongoing reports over the past few months. | The live music venue operator has been trying to buy the Annandale Hotel since it was put into receivership in February according to multiple ongoing reports over the past few months. |
| The receivers, Ferrier Hodgson, also flatly denied the hotel was sold to a residential developer. | The receivers, Ferrier Hodgson, also flatly denied the hotel was sold to a residential developer. |
| The Annandale was owned by the Rule brothers, Daniel and Matt, when its financial troubles began a few years ago after stoushes with the Leichhardt Council and arguments over licences. | The Annandale was owned by the Rule brothers, Daniel and Matt, when its financial troubles began a few years ago after stoushes with the Leichhardt Council and arguments over licences. |
| In 2011 they raised about $50,000 through a “buy-a-brick” campaign to pay for renovations but last February the brothers quietly handed the keys over to Ferrier Hodgson with millions of dollars worth of debt. | In 2011 they raised about $50,000 through a “buy-a-brick” campaign to pay for renovations but last February the brothers quietly handed the keys over to Ferrier Hodgson with millions of dollars worth of debt. |
| The receivers started a tender process almost immediately which closed earlier this month. | The receivers started a tender process almost immediately which closed earlier this month. |
| The hotel is famous for its sticky carpets and some of the most well known rock acts from Australia and across the world have graced its stage, including Silversun Pickups, Kings of Leon, Baby Animals, The Vines, You Am I and Pivot. | The hotel is famous for its sticky carpets and some of the most well known rock acts from Australia and across the world have graced its stage, including Silversun Pickups, Kings of Leon, Baby Animals, The Vines, You Am I and Pivot. |
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