Redfern’s 104-year-old landmark The Norfolk will reopen later this month, after its closure last year when previous owners Public Hospitality Group fell into administration. New custodians Solotel, who acquired The Norfolk along with Oxford House in Paddington, and Camelia Grove Hotel in Alexandria last December, will reopen The Norfolk on 23 April with an ‘Everyone’s […]
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
Aspiring hotelier Jon Adgemis has reportedly finally locked in the $400 million refinancing to save Public Hospitality Group, as lenders mandate management and a Masterchef joins the project. According to sources in finance, Deutsche Bank and other lenders have executed a refinancing deal on around two-dozen assets in the Public (PHG) portfolio. Deutsche was
The Adgemis Public sunder has taken another twist with operation partners The Maybe Group announcing today the immediate end of their tenure together. Award-winning cocktail bar Maybe Sammy and Randwick pizzeria Maybe Frank will return to The Maybe Group, led by co-founders Vince Lombardo and Stefano Catino. The operation of El Primo Sanchez in the
High flying banker turned publican Jon Adgemis has secured a $400 million refinancing deal to save his floundering hospitality gambit, but will be forced to sell down. According to sources, an agreement has been reached this week with the group’s major lenders Deutsche Bank, Gemi Investments and Archibald Capital, providing funding earmarked to pay staff,
The high-profile Public Hospitality Group led by Jon Adgemis has listed the Empire Hotel in Annandale, as it strives to maintain the collection under increasing financial strain. Public (PHG) has amassed 22 pubs and hotels in Sydney and Melbourne, including the Camelia in Alexandria, Lady Hampshire in Camperdown, and Strand Hotel in Darlinghurst. PHG picked
Turbulence continues for Jon Adgemis’ Public Hospitality group, with the Love Tilly Group calling no joy on their foodservice partnership. In April this year Fabbrica Pasta Bar opened within Public’s Exchange Hotel in Balmain, and has quickly gained acclaim and popularity. Love Tilly Group is best known for chic wine bar Love Tilly Devine in
Public Hospitality Group (PHG) has confirmed it has acquired The Maybe Group, adding one of the Top-50 bars in the world to its rapidly growing collection. Sydney-based PHG is led by Sydney businessman Jon Adgemis, who is executive chairman. They began what would be a rapid expansion in 2021 with purchase of The Strand from
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