Hemmes will add the fresh $50 million purchase to another he made just two months ago when he turned up at the auction of the Barracks and dropped a cool $19 million.

The Merivale group has bought the Sackville Hotel in Rozelle, which becomes the second of four venues the family has listed for sale.

Hemmes will add the fresh $50 million purchase to another he made just two months ago when he turned up at the auction of the Barracks and dropped a cool $19 million.