Newcastle's Star Hotel business listed for sale as leasehold asset

Newcastle’s famous Star Hotel is being offered to market for the first time as a business opportunity in over two decades.

The hotel has long been a part of the city, operating on site since the 1800s.

But it is most known for the legendary riot on September 19, 1979 when 4000 people filled the lane and streets surrounding with fire and noise and members of Newcastle band Heroes were pulled from the stage.

These days it has a less controversial existence but has held onto its heritage.

The site was “a dirt floor” before it underwent an expensive overhaul three years ago, resurrected by licensee Chris Mills.

Mr Mills is selling the business, which has 17 years remaining on the lease, with a full hotel licence and said its location and strong bar and restaurant trade made it “a good opportunity for someone going forward”.

The business is being marketed by Deane Moore of Moore and Moore Real Estate and is being sold by way of expressions of interest.

Mr Moore said it presented “an achievable entry level opportunity to the exciting Newcastle city hotel market”.