Andrew Lazarus’ success in Newcastle real estate investment
Andrew Lazarus is a philanthropist and a businessman based in Sydney, Australia.
He is known for his success in real estate development and the hospitality industry.
He has also acquired multiple hotels in Sydney.
Andrew has majorly been known for acquiring the beach hotel in Newcastle in 2019.
Further reading: Sydney hotelier Andrew Lazarus buys Beach Hotel Merewether
Andrew has possessed the asset for several years and transformed it to fit its future life of fifty years.
However, since the selling price has always been appreciating, they decided to sell the huge property.
This resulted from increased demand for beach properties and many migrations to the coastal area.
After shifting to Newcastle, Andrew found adjusting difficult since the new place needed different strategies from Sydney.
His previous purchase of Exchange hotel helped him get experience handling the business and understanding the hospitality industry.
In previous years of owning real estate properties, Andrew, his son, and a business partner have made several mistakes that carried them through successfully managing the property.
They spent time learning about the hotel’s operation and enquired the locals and visitors about their expectations of the property.
Even after selling the asset, they carried the lessons learned to their other real estate projects.
While in real estate investment, he developed and prioritized his philanthropic nature.
Andrew started a charity and gave back to the community to satisfy his passion.
He also holds community meetings and activities at real estate properties and hotels for charity activities.
In addition, he has a current project aiming to promote hospitality and help the local communities.
Follow Andrew on Facebook
Learn more about Lazarus: https://angel.co/u/andrew-lazarus-au