Following heated weekend negotiations, it has been announced Damien Kelly’s Rose & Crown Hotel Parramatta and Corrimal Hotel of Wollongong have sold for a combined $74.5 million. The properties went to market in January, under direction from Wexted Advisors, as the first tranche of assets to be divested out of Kelly’s troubled Pub Invest portfolio. […]
KELLY’S ROSE & CROWN AND CORRIMAL SOLD AFTER HOT PURSUIT Read More »
Following appointment of administrators to the Damian Kelly portfolio, sale of the four thriving pubs has begun. Andrew McCabe and Joseph Hayes of insolvency and restructuring experts Wexted Advisory were appointed as Administrators and are buoyant on a strong campaign to sell off the assets. “Given the locations and level of interest received to date,
The hotel empire of Damian Kelly is on the chopping block, after a feud between major investors brought legal action and administrators were appointed. The portfolio comprises four large hotels, being Parramatta’s Rose & Crown, the Corrimal Hotel in Wollongong, the Crown Hotel in Surry Hills, and most recently the North Nowra Tavern. All are
The Denmeade family has divested a landmark Wollongong pub to Damian Kelly’s Peak Investments as the Illawarra region continues to run hot. After operating Wollongong’s large format Corrimal Hotel for nearly two decades, Andrew Denmeade has determined to change up the portfolio and listed the pub following his purchase last year of the Unanderra Hotel
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