Canley Vale Pub $64m Sale Sets Sydney Record

A pub owned by the same family for 40 years has become Sydney’s biggest pub sale this year.

Longstanding and much-loved Sydney hotelier Vicki Webster has sold the family’s Richard’s on the Park Hotel, Canley Vale, for $64 million.

The buyer, according to records, was publican John Lewis and his Lewis Hotels group. It holds venues across NSW, including Sydney pubs Quakers Inn at Quakers Hill, the Kings Tavern, Potts Point and Beverly Hills Hotel. 

The sale marks a final exit from the industry for the family after the death of long-serving AHA Committee member Phil Webster, 62, in 2024.

The hotel in the centre of the fast-growing Canley Vale retail precinct, 32km west of the CBD and on a 4389sq m site with substantial parking, is metres from a train station.

The asset includes 30 gaming machines, a high-performing TAB business and first-floor accommodation.                    

The sale was managed by JLL executive director John Musca and managing director Ben McDonald.

▲ The Canley Vale sale is the final asset to be sold by the family of long-serving AHA Committee member Phil Webster, who died last year.

The sale is the second largest pub sale nationally after the $140-million sale of the Beach Hotel, Byron Bay, also by JLL in May of this year.

Other notable transactions in NSW this year included the Feros family’s JDA Hotels acquisition of The Crystal Palace Hotel in Sydney’s CBD for about $35 million in April.

And in August, hotelier John Daly and long-established pub family the Gallaghers sold the Terrigal Hotel on the Central Coast for $47 million to Hunter Hotel Group.

Australia’s most expensively traded pub is the Crossroads Hotel at Casula, south-west of the CBD, which sold for $160 million in April 2022.

McDonald said that pubs were a high priority for active capital seeking exposure to one of the strongest-performing operating real estate asset classes in the country.

 “With over $1.7 billion in transactions so far in 2025, deal volumes are set to far exceed 2024 levels with the market currently 55 per cent up year-on-year, highlighting the ongoing strength of the sector and significant pent-up demand from unsatiated capital,” he said.