The Normanby Hotel is up for sale for the first time in 20 years, ending a heady run for the outgoing owners which began with a refurbishment completed just before the 2003 Rugby World Cup. The iconic hotel became a post-Suncorp Stadium go-to for many football goers, its infamously rambunctious Sunday afternoons often stretching well into the night.
The Courier Mail reports that co-owners Michael Dempsey and Otto Wilhelm will be set to earn somewhere in the region of $20 million for the sale of the site and the pub itself. Dempsey told the Courier he wanted to focus on his core business of real estate property management software.
The sale is being handled by CBRE Hotels. CBRE’s Queensland director Paul Fraser said in the same story the Normanby’s extensive parcel of real estate and position on the five-ways make it an attractive proposition for buyers.
Still, with the way Brisbane drinking culture has changed recently, it’s perhaps hard to imagine The Normanby ever having quite the pull it has had over the past couple of decades.