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 […]
The Adgemis Public Hospitality empire is in flux again, threatening its refinancing efforts, as two pubs in the portfolio enter administration alongside a record-breaking number of Aussie businesses. Public Hospitality Group (PHG) is scrambling to retain its collection of over 20 pubs across Sydney and Melbourne, but despite ongoing negotiations one of its financiers has
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A new collaboration has ensured one-of-a-kind Sydney venue Re will continue its pioneering efforts in sustainability. Re, which was established in 2021 in South Eveleigh, Sydney, announced its closure in February this year. Re is known for its strong commitment to zero waste, without compromise on quality. The revolutionary bar, which has found itself on
Camperdown’s Old Lady is back, under the Public Hospitality Group banner, championing its newfound dedication to live music. For decades the pub on Parramatta Road at Camperdown was known as the Old Hampshire Hotel, until Paddy Coughlan and co took over in 2016, slapping on some lipstick and reopening as The Lady Hampshire. It offers
Jon Adgemis’ Public Hospitality Group has beat major developers to buy the well-known Noah’s Backpackers on Bondi Beach for $68 million. Noah’s occupies a prominent 1,087sqm site at the world-famous Beach, comprising two corner buildings configured for 260 beds and offering a rooftop with spectacular ocean views. Like most businesses catering to this market it
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Ninety-nine-year-old Darlinghurst icon The Strand is welcoming a new era inspired by the roaring twenties, as Public Hospitality Group transform it into a four-level dining and hotel precinct. The extensive refurbishment is taking place in two distinct phases. Open now is The Strand Bistro on the ground floor. Taking cues from turn-of-the-century Paris, it serves
Jon Adgemis’ Public Hospitality Group has taken the hand of the Lady Hampshire of Camperdown, for around $11 million. The Lady is a well-known landmark of the inner west, passed by thousands of cars each day on bustling Parramatta Road. It offers an old-school public bar, TAB, gaming room with nine EGMs, a large and
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Oscars Hotels has sold the freehold going concern of Annandale’s Empire Hotel to Jon Adgemis’ new Public Hospitality Group. The Gravanis brothers’ group bought the pub mid-2019 from Sam D’agostino for around $10 million. It was being operated by Eric Armstrong, with the accommodation sub-leased. Built circa 1890 for Tooth’s & Co, the commanding three-storey
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