Marney McQueen's Wyong pub sells for more than triple its 2016 price
The Royal Hotel was bought in 2016 for $7 million. The owners invested $5 million in improvements. Now it generates $7.85 million in annual revenue.
The Royal Hotel in Wyong was bought in 2016 for $7 million by a group led by publican Frank Arangio and his wife, actor Marney McQueen. Her stage work includes Priscilla Queen of the Desert, Hairspray and Monty Python's Spamalot.
The couple put $5 million into upgrades. These included a new bar, gaming, dining and accommodation areas.
They finished the $2 million Riverdeck development in 2025. It features an all-weather beer garden and playground.
The property sits next to Wyong train station on 3537 square metres. It has 14 hotel rooms and 15 gaming machines.
It generates about $7.85 million in annual revenue. Bayfield Hotel Group has now bought the venue.
Bayfield Hotel Group owns the Dee Why and Belrose hotels. Arangio said the couple really enjoyed their time in Wyong.
He said they are happy it sold to another family-run business.
- $7 million
- 2016 purchase price
- $5 million
- Syndicate investment
- $7.85 million
- Annual revenue
- 3537 square metres
- Site size
Why it mattersThis shows how smart renovations and hospitality investments can create big returns. It mirrors a growing Australian pub market.
AustraliaReflects strong returns in Australia's regional hospitality property market, particularly on the Central Coast where pub investments are booming.
✓ Claims checked against the source and corrected before publish. checked 3 h ago
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