Prior high-flyer Riversdale group has completed its exit from the pub game, selling its last asset, the Lambton Park Hotel in suburban Newcastle. Australian Pub Fund, backed by business moguls John Singleton, Mark Carnegie and Geoff Dixon bought the LPH mid-2018 for around $6 million through its op-co Riversdale. The remaining entity, M.H Carnegie & […]
The former headlining Riversdale group is bowing out of pubs, with stakeholders opting to sell the prominent Lambton Park Hotel, in suburban Newcastle. The pub group representing high-flyers John Singleton, Mark Carnegie and Geoff Dixon bought the LPH mid-2018 for around $6 million, after selling down its Sydney portfolio. Interests in the asset have moved
Riversdale has ended speculation of a complete sell-down with the purchase of the Lambton Park Hotel in suburban Newcastle. The pub was bought around three years’ ago by a partnership of three newcomers to the industry, who went on to also buy Sydney’s Haymarket Hotel. The trio put the Lambton Park – locally known as
A group of Sydney-based investors has listed the Lambton Park Hotel in suburban Newcastle, as they shift focus onto their Sydney pub. The two-storey red-brick incorporates a public bar, quality food offering, 15 gaming machines and eight accommodation rooms on the first floor not currently in use, all up producing a well-rounded average weekly revenue
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ACN. 603 201 109
ABN. 21 603 201 109
