Sydney restaurateur, Bill Drakopoulos, has bought the Coast Hotel at Budgewoi on the NSW Central Coast for $15 million, the Australian Financial Review (AFR) reports.
Mr Drakopoulos plans to add the waterfront venue at 169 Budgewoi Road to his Sydney Restaurant Group.
The Group already operates 15 restaurants and cafes including Fenwick in Balmain, The Nielsen at Vaucluse and Ormeggio at The Spit.
“Our venture into hotels is something we have been planning for quite some time,” Mr Drakopoulos, who is the NSW and ACT state director at Restaurant & Catering Australia, told the Australian newspaper.
“We very much look forward to creating amazing spaces and offerings, fitting of the surrounds, much like we have done with our existing restaurants.”
Source: The AFR.