The purchase by veteran Sydney publicans Patrick and Angela Gallagher marks the first time since 1929 the popular hotel has traded out of the hands of the Campion family.
are hoping for a record $175 million.
For the Gallaghers, the Longy will bolt onto an existing portfolio of five hotels operated under the banner of Gallagher Hotels. The group includes two other lower north shore drinking holes, the Hunters Hill Hotel and the Chelsea Hotel. The family also founded the Irish-themed pub chain PJ Gallaghers, though the majority of these venues have now been sold off.
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