The Prince of Wales Hotel is on sale. The iconic Prince of Wales Hotel in St Kilda is up for sale, with reports it could sell for $50m+. Melbourne hospitality business Jackalope Group purchased the property in 2015 for $45m and have since done a multimillion-dollar refurbishment to the 1920s corner hotel. The historical hotel is being sold subject to an existing long lease with the Melbourne Pub Group, who also operate Mitchelton Estate and Hubert Estate, which are all owned by the Ryan Family.

https://www.realcommercial.com.au/news/st-kilda-iconic-prince-of-wales-hotel-hits-the-market-with-huge-potential

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