Public Hospitality

ANOTHER CHANCE FOR AN EMPIRE

Posted on May 25th, 2026 by Clyde Mooney
Receivers have relisted Annandale’s stately Empire Hotel as the fallout from Jon Adgemis’ collapsed Public Hospitality portfolio takes the scalp of a would-be successor. Bankrupt banker turned publican Jon Adgemis began amassing pubs around 2021, that year buying the Empire

PUBLIC SALES IN DOUBT AS MILLINIUM MEANDERS

Posted on March 25th, 2026 by Clyde Mooney
Just when it seemed the Public Hospitality disaster had dissipated, several of the sales to Millinium Capital are back in the air as settlement stalls. Around 2019 former KPMG broker Jon Adgemis turned his attentions to pubs, borrowing heavily to

MORE ADGEMIS HOTELS ON THE MOVE

Posted on November 12th, 2025 by Clyde Mooney
More of the bankrupt Jon Adgemis Public Hospitality portfolio has been listed, bringing the sprawling South Bondi Hotel and recently refurbished Hotel Diplomat Potts Point to the fore. These are two of the five Public assets repossessed by lender Deutsche

PUBLIC EMPIRE MARCHING TO MARKET

Posted on November 7th, 2025 by Clyde Mooney
Receivers have listed the Empire Hotel in Annandale, out of the collapsing Public Hospitality portfolio of bankrupt banker turned publican Jon Adgemis. Set on an 803sqm corner site with large frontages to both Parramatta Road and Johnston Street, the Empire

PUBLIC VENUE OPERATOR LINCHPIN GOES BUST

Posted on November 5th, 2025 by Clyde Mooney
Linchpin Hospitality, operator for a half-dozen venues from Jon Adgemis’ Public portfolio, has collapsed into administration, said to owe more than $1.2 million. On the back of Public’s very public battle with creditors, Linchpin emerged as provider of management services

ADGEMIS BANKRUPT AS PUBLIC GOES UNDER

Posted on October 3rd, 2025 by Clyde Mooney
Jon Adgemis has surrendered the game, filing for bankruptcy as he is said to owe billions, Deutsche Bank takes control of his last five pubs, and a showdown with the ATO loomed in Federal Court. The former KPMG banker had

VACANT KURRAJONG SELLS TO NEW GROUP

Posted on September 10th, 2025 by Clyde Mooney
The Kurrajong Hotel at Erskineville, repossessed out of Jon Adgemis’ fading Public Hospitality fund, has sold as a vacant freehold for $20 million to a new hotel investor assembling a growing portfolio. The big corner pub is an Art Deco

PUBLIC’S PADDO PUB SOLD

Posted on July 16th, 2025 by Clyde Mooney
Another of the distressed Public Hospitality portfolio has sold, seeing Paddington’s long-standing ‘Three Weeds’ going to an unnamed “private investment syndicate”. The former Rose, Shamrock and Thistle, more commonly known as Three Weeds, is one of the precinct’s historic pubs,

TOWN HALL HOTEL BALMAIN SELLS AT AUCTION

Posted on July 11th, 2025 by Clyde Mooney
Balmain’s beleaguered Town Hall Hotel is back, after selling this week to a ‘restitutional’ investor as the Public Hospitality portfolio flounders. The Town Hall Hotel was built in 1888 on a corner of arterial Darling Street, opposite the suburb’s actual

RECEIVER SALE OF ADGEMIS’ TOWN HALL

Posted on June 12th, 2025 by Clyde Mooney
In further dismantlement of Jon Adgemis’ Public Hospitality portfolio, the once jumping former Town Hall Hotel in Balmain is being sold through receivers. Set on the bustling corner of arterial Darling and Montague streets opposite the suburb’s actual Town Hall,