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Two of Sydney's biggest "billionaire playboys" might be feeling a little sorry for themselves after plans to buy the Bangalow Hotel fell through.
It's understood Justin Hemmes and Stu Laundy recently made current owner Tom Mooney an offer on the pub.
Mr Laundy has just bought the Lennox Hotel for $40m, teaming up with Fraser Short for the purchase, while Mr Hemmes' last big buy was Randwick's Duke Of Gloucester for $32m.
Despite this pedigree in the hotel industry, the Mooneys made it clear to the pair last week the Bangalow Hotel was not for sale.