The Signature Hospitality Group has acquired Sydney’s All Hands Brewing House on King St Wharf in Darling Harbour.
The brewhouse was sold for $20 million by Red Rock Leisure Group to the hospitality group, whose brands include The Sporting Globe and TGI Fridays, as well as the Foresters Restaurant and Bar in Brisbane and the WJ Wills eatery in South Melbourne.
It has long been looking for the ideal site to potentially launch the brands in Sydney with the All Hands Brewing House providing a nice adjunct to the first of its sports-themed establishments.
The deal was brokered by JLL Hotels and Hospitality’s national director John Musca. Musca also brokered last year’s sale of the Australian Hotel and Brewery in Rouse Hill for $50 million to the Redcape Hotel Group.
“A microbrewery has been on the site since 2004 and it underwent a major rebuild in 2017 to become the highly desirable site it is today,” comments Musca.
“Craft breweries are rapidly becoming an essential part of, if not expanding, the Australian hospitality experience with the intensified merger and acquisition activity testimony to the increased capital drawn to the space. The breweries are driving a new level of beverage engagement, building brand stories and customer relationships that create a dedicated following.”