Following an on-market campaign, the hotel has been sold by agents Andrew Jolliffe, Dan Dragicevich and Blake Edwards in another North Coast hotel sale for the brokerage firm.

It's the 10th such sale in the active stretch of real estate between Newcastle and the Gold Cost in the past six months.

"Whether it is the Ryan family in Narwee (Narwee Hotel), the Giles family in Woolloomooloo (Bells Hotel) or the Mitchells in Orange (Robin Hood Hotel), when our firm is awarded the responsibility for managing the sale of generational assets such as this for the Nixon family, we understand and respect the responsibility bestowed upon us," advised HTL property managing director, Andrew Jolliffe said.

"The owners of unique generational hospitality assets typically enjoy only one single optimal exit event opportunity, and contemporary market conditions lend themselves favourably at this particularly chronological intersection."

The on-market sale process managed exclusively by HTL Property extracted multiple offers to purchase, before ultimately being secured by the Stephen Hunt led organisation.

"We are delighted to be adding the Harrington Hotel to our growing portfolio of pubs,'' Mr Hunt said.

"This asset has been in the same family for more than 20 years and we are proud to be purchasing such a well run asset with such a strong mix of revenue streams.

"As always, we look forward to tapping into the local community, as well as capitalising on such a beautiful tourist destination."

The acquisition of the Harrington Hotel adds further to the Hunt Hospitality stable, which also includes hospitality properties in Port Macquarie, the Hunter Valley, Newcastle and the Central Coast.

HTL Property would not confirm the price paid by Hunt Hospitality for the Harrington Hotel, however did confirm that the sale price achieved was in line with the market guidance provided throughout the sale campaign.

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