The Good Beer Company had restored the pub and made changes to the drinks and dining menu.
Mr McDonald advised that it was now being offloaded as part of a broader divestment strategy by the Good Beer Company.
It follows the sale of another Good Beer Company asset, Randwick’s Gloucester Hotel, to Justin Hemmes’ Merivale empire, which was announced earlier this week.
“Generating significant inquiry, the pub attracted interest from hoteliers and hospitality identities looking to build on the hard work undertaken by Good Beer Company,” said Mr McDonald, adding that many of them had had a strong existing affiliation with the hotel.
He declined to name the purchaser but confirmed that they were an existing Sydney-based hotelier who would take the keys to the property in January 2021.