The $85 million sale of the Caroline Springs venue winds down a large part of the Hawthorn Football Club’s exposure to pokies revenue and eclipses the state’s previous record pub sale by more than $30 million.
that is led by former Victorian premier Jeff Kennett.
A new president is due to be announced later this year, with REA Group’s chief executive Owen Wilson considered a frontrunner. Revenue from the record deal will help Hawthorn accelerate its long-standing plans to build a $100 million training base, dubbed the Kennedy Community Centre, at Dingley in Melbourne’s south-east.
The WestWaters hotel stands on 7000 square metres in the heart of the Caroline Springs retail precinct.
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