HAYWARD EXITS AS PRENDIVILLES TAKE BRISBANE

In Property by Clyde Mooney

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Well-known publican Geoff Hayward is bowing out of the game, having sold his final piece, the Brisbane Hotel, to the growing Prendiville family.

Hayward’s Capital Management WA has owned and operated the Boulevard Hotel in Floreat, and the Brisbane Hotel, in the Perth suburb of Highgate.

He purchased the popular Brisbane in 2003, transforming the tired old pub through a multi-million dollar 18-month renovation. The two pubs became icons of the city’s dining and drinking scene and earned Hayward a strong reputation in the business.

Two years’ ago the Prendiville Group bought the freehold of the Brisbane, adding to its portfolio that included the Cottesloe Beach Hotel, Court House Bar and Norfolk Hotel. And early this year Hayward divested the going concern of the Boulevard.

News emerged late June that the business interests in the Brisbane had now also been divested, although the buyer had not been disclosed.

Hayward has now confirmed to PubTIC the new operator at Highgate will be the Prendiville Group, consolidating its investment for an unspecified price.

The long-time publican presently lives in Bali, and will commute to Perth to assist Prendiville CEO Tony Dichiera through the transition to ensure staff and clients are kept happy.

He has confirmed sale of the Brisbane operation marks his entry into retirement.

The Brisbane