Colliers International negotiates leasehold sale of popular Albert Park watering hole
One of Victoria’s fastest-growing hotel groups has acquired the popular Vincent Hotel in Albert Park in a leasehold sale negotiated by Colliers International’s Pat Connolly.
Mr Connolly has facilated the sale of the Vincent Hotel business to Dixon Hospitality Group after it was offered for sale by expressions of interest.
It follows the group’s acquisitions of the Wayside Inn in South Melbourne and Station Hotel in Footscray in 2014. These sales were also negotiated by Mr Connolly.
“The Vincent has undergone extensive refurbishments in the last few years – it really is an impressive venue,” Mr Connolly said.
“The substantial hotel comprises formal and casual dining, a public bar two function rooms, smaller conference facilities and hotel offices over three levels.
“The third floor is not utilised by the public at present and consists largely of storage space and staff amenities – and this is where the hotel’s growth potential lies."
The Vincent Hotel was established as the Red Eagle Hotel by JB Leech in 1889. It was, and still is, one of the largest hotels in the inner suburbs of Melbourne. The hotel’s name was changed to The Nest in 2005, then The Vincent in 2012.
Michael Dixon, of the Dixon Group, said the new owners intended to offer a relaxed dining atmosphere with a heavy emphasis on quality functions.
“We’re ecstatic to secure the Vincent Hotel. The group’s executive chef Josh Rudd has redeveloped the food offering and launched a new menu last Friday with great success,” Mr Dixon said.
“He is backed up by some of our experienced staff from the Wayside Inn and Station Hotel who have relocated in order to assist during our opening months at the Vincent.”
Mr Connolly and brother Will are responsible for a long list of recent hotel leasehold sales in the Melbourne metropolitan area, including the Prince Alfred Hotel in Port Melbourne, The Station Hotel in Footscray, The Rose Diner in Port Melbourne, The Railway Hotel and The Wayside Inn in South Melbourne, Young & Main in Bacchus Marsh, The Beehive Hotel in Hawthorn, Getrude’s Brown Couch in Fitzroy, Polly Bar in Brunswick and Vessel Bar in South Wharf.
The Vincent Hotel, Albert Park