A sprawling tavern in the northern beaches has been sold for $40 million to a corporate hotel giant.
The Terrey Hills Tavern was purchased by Endeavour, a hospitality and retail group made up of BWS and Dan Murphys, ALH Hotels and Pinnacle Drinks.
It is the group's first major purchase since they split from Woolworths in last month in a $10 billion demerger.
The family-friendly venue sits on a 1.6-hectare property on Aumuna Road in Terrey Hills and boasts a lounge, a bistro, a kids' play area, a sports bar and a Balinese style beer garden.
A spokesperson for Endeavour group said the pub suited their property portfolio well and they look forward to "continuing to offer great service".
"Endeavour Group is pleased to welcome the Terrey Hills Tavern to the group and consider it a great fit with our portfolio, adding to both our hotel and retail networks," the spokesperson said.
The Terrey Hills Tavern was previously owned by the Feros family who bought it for $13.5 million in 2008. It takes in around $10 million in annual revenue.
As well as the usual pub fare, the tavern hosts live music, charity events and school holiday activities for kids.
Among the 332 venues owned by Endeavour are other northern beaches pubs including the New Brighton Hotel in Manly, Narrabeen Sands Hotel in Pittwater and Parkway Hotel in Frenchs Forest.
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