Northies and Mona Vale hotel sold

In the largest transaction for 2014, Ray White Hotels have sold two landmark Sydney hotels, Northies and the Mona Vale Hotel in an off-market negotiation.

Andrew Jolliffe handled the sale to Arthur and Stu Laundy in partnership with Fraser Short - the partnership that purchased and operates the Watson's Bay Hotel.

The Laundy/Short partnership bought both the Mona Vale Hotel and Northies in one line for a combined price of circa $57m.