Jon Adgemis’ Public Hospitality Group lists first pub for sale amid mounting debt

·

The owner of Public Hospitality Group (PHG) Jon Adgemis has listed his first pub on the market, following the collapse of his debt deal with Bain Capital.

According to the Australian Financial Review, he has put the Empire Hotel in the Inner West suburb of Annandale in Sydney up for sale.

Mr Adgemis acquired the Empire Hotel in 2021 from Oscars Hotels Group, the pub operator run by Bill and Mario Gravanis, for about $20 million.

Jon Adgemis
Jon Adgemis owns Public Hospitality Group. Photo: Development Ready.

The pub, located on Parramatta Road, will go to auction in May. The expected price is not public. 

Mr Adgemis’ PHG is known for owning multiple high-profile venues in Sydney and Melbourne which include The Strand Hotel in Darlinghurst and Oxford House in Paddington. 

Despite attempts to save the company and refinance it for several months, finances have continued to pile up since the collapse of the $500 million Bain Capital debt deal.

Source: Australian Financial Review.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Webinar for Greeks abroad tackles key tax issues and draws hundreds

The first TaxWebinar dedicated exclusively to Greeks abroad and tax residents of other countries was held on Wednesday, July 9.

From passports to tax reform: Loverdos sets agenda ahead of Australia visit

Loverdos has confirmed that he will be visiting Australia from 8 to 26 October, acknowledging the government’s absence from the country.

‘I’m not done yet’: Ange Postecoglou reflects on heritage and coaching dreams

Ange Postecoglou sat down with The Greek Herald to reflect on his philosophy and his cultural heritage. Read the interview here.

Heritage NSW inspects Paragon Café as emergency works get underway

The Paragon Café in Katoomba has taken its first meaningful steps toward preservation following a recent on-site inspection by Heritage NSW.

Māori-Greek artist’s tribute to ancestors lights up Manhattan billboard

Māori-Greek artist Jimmy James Kouratoras has made a striking return to New York, with his painting Hei Tiki – For the Love of Our Ancestors.

You May Also Like

Peter Tzannes opposes push to increase Centennial Park’s event cap

A proposal to increase the cap on major events at Sydney’s Centennial Park has been rejected following strong opposition from local residents.

Panarcadian Association of Melbourne relive the past with sold-out screening of ‘Zorba the Greek’

The Panarcadian Association of Melbourne and Victoria ‘O Kolokotronis’ screened the Michael Cacoyannis movie, Zorba the Greek.

Greek finalist in The Lantern and Light Children’s International Film Festival

A Greek short film has been selected as a finalist in the Animation Category at The Lantern and Light Children’s International Film Festival