[1] It was bought in 1884 by entrepreneur Frank Smith, who set up famous running races from 1884–92, and later passed into hands of breweries.

[2] The first part was begun in 1840, being a two-storey Georgian building,[2] with flanking single-storey wings, named the Banks Inn.

About 1860, a further single storey wing to the east was added with curved facade and verandah and steeply pitched hipped roofs.

[2] The main two-storey north wing was added in or around the year 1870 in Italianate style, heavily ornamented with slab.

[1] Sir Joseph Banks Hotel was listed on the New South Wales State Heritage Register on 2 April 1999.