The Laundy family has bought the Light Brigade Hotel, regarded as a jewel in Sydney’s eastern suburbs hospitality royalty.

Secured after a competitive sale process conducted by HTL Property. the pub has been owned by the Bayfield family since 2015.

The stately four-storey hotel is located at the intersection of Paddington and Woollahra.

“We’ve thoroughly enjoyed our time with this magnificent property, and as an extended family we are collectively delighted the hotel has been bought by such an esteemed group in the form of the Laundys,” said Kaine Bayfield.

Stu Laundy said: “We’re looking forward to adding the Light Brigade to our other Eastern Suburbs properties like the Watsons Bay, Bells and Woolloomooloo Bay hotels.

“A few generations ago our family owned the Woollahra Hotel, and my father played rugby down at Easts; so with my four daughters all having attended school in the area, I’m looking forward to a long association with a part of Sydney we love and know well.”

HTL Property Managing Director Andrew Jolliffe said: “When fourth generation hoteliers buy from fourth generation hoteliers, it says something patently clear about the longevity and strength of an asset class.

“This iconic eastern suburbs pub sale warrants recognition for not only the materiality of the transaction alone, but also the messaging it seeks to underscore in respect of the continued magnetism of A-grade hotel assets nationwide.”

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