You won’t find a better value than the rooms above this historic sandstone pub overlooking the waterfront. Built in 1846, the property offers large, colonial-style rooms, seven of which look across at the water. Some of the other rooms look across Parliament House and its gardens, and the rest are toward the back of the hotel with no views to speak of. Downstairs, the restaurant and public bar overlook the water. Live music is on hand downstairs between Wednesday and Saturday nights and during the summer period, when the Sydney–Hobart Yacht Race comes to town, it can be noisy but is central to all the action.