Jon Adgemis' debt-laden Public Hospitality Group shelves auction for Annandale's Empire Hotel afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
The last two assets from the former Pub Invest fund - the Crown Hotel in Surry Hills and North Nowra Tavern - are expected to sell for about $50m combined.
The former investment banker’s new venture – Public Hospitality Group – is raising $40 million in convertible notes ahead of a final quarter run at the ASX.
Former high-flying banker Jon Adgemis has turned his attention to pouring beers - and is out to give Sydney s gaggle of pub tsars a run for their money.