Leading Sydney operator Solotel has emerged as the new operator of the majority of the Public Hospitality portfolio recently into receivership, adding three inner west pubs to the collection. Formerly high-flying dealmaker for tax advisor KPMG, Jon Adgemis, came unstuck during a rapid rise to two-dozen hotels, as construction costs and interest rates rose following […]
Administrators FTI Consulting have swung into action, listing five of Jon Adgemis’ Public Hospitality venues at once, individually or in one line. Formerly a high-flying dealmaker for tax advisor KPMG, Adgemis hopped on the hotel bandwagon in the late teens, looking to ride the perceived gravy train by purchasing undercooked pubs thought to have potential
The party is winding down for Jon Adgemis’ Public Hospitality Group (PHG), as a major lender calls in receivers and managers on five venues in the collection. Last week FTI Consulting’s Vaughan Strawbridge and Joseph Hansell stepped in, under security held by TREA ST Pty Ltd as trustee of the Public Group Security Trust. BDO’s
Jon Adgemis’ Public Hospitality Group has unveiled the new look Camelia Grove Hotel of Alexandria, offering a high-end pub and trattoria. The commanding multi-level building on a corner of Henderson Road still has its collection of old school rooms and spaces, providing patrons a public bar, dining area, sports bar and TVs, pool, upstairs accommodation
Ending nearly four decades at the helm and a year-long settlement comes announcement industry legend Adella Wright-Young has sold the Camelia Grove Hotel of Alexandria to Sydney publican-developers. Wright-Young purchased the Camelia from Tooth and Co in 1983. Signalling the end was near, she listed the freehold going concern in late 2019. While contracts were
After three and a half decades at the elegant Camelia Grove, industry stalwart Adella Wright Young is ‘calling time’ on the industry and divesting her picturesque Alexandria pub. The Camelia Grove Hotel stands resolutely at the corner of Henderson Road and Alexander Street in inner west haven Alexandria, close to Australia Technology Park, with around
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