THE latest transaction Sydney’s inner city hotels market will mark the end of an LGBTQI+ community icon, with new owner St Vincent’s Hospital set to convert The Green Park Hotel into a mental health clinic.
Over the past few days, fellow Darlinghurst venue and late-night Oxford St institution The Courthouse Hotel was picked up by Moelis Australia for $22 million, while the leasehold interest of the Olympic Hotel in neighbouring Paddington was bought by former Newcastle publican Wayne Lambert.
While those venues will continue to operate, the new deal on Victoria Rd will bring an end to the property’s life as a watering hole after 127 years. More recently, “The Greeny” has and held a prominent role in Mardi Gras celebrations.
Like The Courthouse Hotel, the Greeny also changed hands for the time in at least three decades. St Vincent’s acquired the pub from hospitality group Solotel for a reported figure of between $5 million and $10 million.
A mental health and community centre will operate from the property by day, while the site will be run as a “safe haven café” at night. The state government’s Towards Zero Suicides initiative will partly fund the program, putting forward $850,000 over two years.
The three storey hotel, built in the Federation style, is acknowledged by the NSW Office of Environment and Heritage to have historic, aesthetic and local significance, requiring key design features to be maintained.