Tax authorities pay visit to Jon Adgemis’ Public Hospitality Group


The latest intervention by officials from the Australian Taxation Office (ATO) could risk upsetting Jon Adgemis’ attempts to secure a $500 million debt deal for his Public Hospitality Group (PHG) empire.

According to The Australian Financial Review, tax officials visited Adgemis’ home and the PHG offices on Tuesday. The ATO declined to comment on the reasons for its visit.

A spokesman for PHG denied it was a raid.

“There was no ‘raid’… this was an access visit by the ATO seeking documents that had been requested. Public missed the deadline to provide such documents,” the spokesman told The Australian Financial Review, adding the company regretted missing this deadline.

“ATO staff were freely allowed into the property… however, Public did have the right to refuse entry, which they did not invoke.”

Jon Adgemis acquires Sydney’s renowned Greek restaurant Alpha
Jon Adgemis recently acquired Sydney’s A-list Greek restaurant Alpha.

Adgemis’ hospitality group encompasses about 20 venues which spans from Guy Grossi’s Puttanesca Osteria in Melbourne to The Strand Hotel in the Sydney CBD. In January 2024, PHG also acquired Sydney-based Greek restaurant, Alpha.

His project started to fray after he took on hundreds of millions in debt at high interest rates from a variety of lenders just before financing costs rose.

The ATO’s visit comes amid concerns over the viability of Adgemis’ pubs group, with the pub baron looking to nail down a $500 million debt deal with Deutsche Bank and private credit provider Gemi Investments.

Source: The Australian Financial Review.




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


Latest News

South Melbourne qualify for Australia Cup Round of 32

It was a tense match against St Albans Dinamo FC, but South Melbourne's victory sees the club return to the Australia Cup Round of 32.

Marconi Stallions crushed by clinical Sydney Olympic

The Marconi Stallions were thwarted by a clinical Sydney Olympic side at Marconi Stadium on Wednesday, June 12.

Remains of the late Archbishop Stylianos of Australia’s father identified years after Nazi execution

The remains of the father of the late Greek Orthodox Archbishop Stylianos Harkianakis of Australia have been identified 83 years later.

Prespa Agreement signatories call on North Macedonia to respect deal

Former prime ministers of Greece and North Macedonia, Alexis Tsipras and Zoran Zaev, called on North Macedonia to respect Prespa Agreement. 

Acropolis closed as Greece hit by earliest heatwave on record

Greece closed its most popular tourist site, the Acropolis, on Wednesday as the country experiences its earliest heatwave on record.

You May Also Like

Greek PM calls for improved ties with Turkey

Greece’s prime minister said Friday his country is seeking improved ties with neighbor and longtime foe Turkey.

Andreas Yannopoulos: Attracting foreign investment is key to the Greeks Are Back initiative

Andreas Yannopoulos has created from scratch 'The Greeks Are Back' initiative, which has become an institution in Greece.

Marino Sotiropoulos granted bail after allegedly kidnapping cricketer

The NSW Supreme Court has released one of the six men accused of kidnapping Stuart MacGill on strict bail conditions.