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.




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


Latest News

Panagia Soumela Monastery: Pilgrimage to the ancient cradle of Pontic Hellenism

Carved into Mount Melas in Trabzon, the Monastery of Panagia Soumela has stood proudly for over 1,600 years.

Memories that ‘bleed’: A visit to the Armenian Genocide Museum

The wine, the conversation with Maria and Aram, all pieces in the puzzle of my stay in Armenia’s capital had been carefully placed.

Australian Business Summit Council launch fifth issue of ‘Ekonomos’

The Australian Business Summit Council Inc. hosted 250 business leaders, diplomats and politicians at its lavish Annual Gala Dinner.

Dora and George Hatzikiriakos’ fish and chip shop among the best on NSW South Coast

The Eurobodalla on the NSW south coast is home to some of the best fish and chip joints. "Harzikiriakos' Ocean Grill is one of them.

Two Greek beaches among Tripadvisor’s top European beaches for 2024

Greece saw two beaches included in Tripadvisor’s Best Beaches in Europe for 2024, as part of its annual Travellers’ Choice Awards.

You May Also Like

Greek PM honours ‘heroic aunt’ at Jerusalem’s Garden of the Righteous

During the second day of his official visit to Israel, Greece's Prime Minister located the name of his aunt at the Garden of the Righteous in Jerusalem.

NSW reveals roadmap out of lockdown, unvaccinated people can attend places of worship

The NSW Premier has confirmed October 11 as the date lockdown restrictions will start easing in New South Wales.

Top Australian doctor shoots down Pfizer CEO’s claim a fourth COVID vaccine is needed

One of Australia's top doctors has hit back at claims from Pfizer CEO, Albert Bourla, that people will need a fourth COVID-19 vaccine dose.