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Rich List 2021: Why Justin Hemmes keeps spending millions on pubs

Why Justin Hemmes keeps spending millions on pubs The celebrity publicanâs $200 million buying spree in the middle of a pandemic might seem risky, but love is as much in play as money. Justin Hemmes in Sydneyâs Bar Topa tapas bar, part of his fast-expanding Merivale empire.Â Louie Douvis May 28, 2021 â 10.15am Save Share If those in hospitality are meant to be in the doldrums amid the pandemic that refuses to die, nobody told Justin Hemmes. âIâm very excited about the industry. More passionate than Iâve probably been in a long time,â says the head of the Merivale Group, who is also Australiaâs 97th wealthiest person with a $1.2 billion fortune on the Financial Review Rich List, published on Friday.

New south walesByron bayJenny evansJustin hemmesDanielle alvarezRandwick dukeQuarterdeck hotel at naroomaLorne hotelCheeky monkeyGreat ocean roadIrish pubQuarterdeck hotelTomasetti houseFlinders laneMichael luoFederal court

If hotel playboys want another local pub, we ve got a tip

If hotel playboys want another local pub, we ve got a tip
gattonstar.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gattonstar.com.au Daily Mail and Mail on Sunday newspapers.

New south walesByron bayTom mooneyJustin hemmesRandwick dukeBangalow hotelBallina hotelSun hotel at belongilLennox hotelByron beach hotelBrunswick hotelStu laundyFraser shortDuke of gloucesterRiver streetNorth coast

Byron pub family says no to multi-millionaire sales offer

News by Amy Harris Premium Content Subscriber only They say everyone has their price but even in the real estate obsessed hot spot of northern NSW - which in the past year has attracted everyone from Hollywood movie stars to international finance moguls - it seems not everything can be bought. The notoriously tight-knit area was buzzing last week as rumours ran wild that two of Sydney s biggest billionaire playboys - Justin Hemmes and Stu Laundy - had descended on the town of Bangalow in search of their next big pub purchase. Both hoteliers are, it seems, in a spending mood with Laundy recently dropping $41 million on the The Lennox in nearby Lennox Head and Hemmes - whose last big buy was Randwick s Duke Of Gloucester for $32 million - said to be keen to buy into the coveted Byron precinct.

New south walesUnited statesLennox headByron bayArthur laundyDelvene delaneyJustin hemmesCathryn mooneyGary chigwiddenTom mooneyPaul fraserDenis garvanRandwick dukeSam ruttynDavid gyngellPacific hotel in yamba

If hotel playboys want another local pub, we ve got a tip

Premium Content Subscriber only 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.

New south walesByron bayTom mooneyJustin hemmesRandwick dukeBangalow hotelBallina hotelSun hotel at belongilLennox hotelByron beach hotelBrunswick hotelStu laundyFraser shortDuke of gloucesterRiver streetNorth coast

If hotel playboys want another local pub, we ve got a tip

If hotel playboys want another local pub, we ve got a tip
themorningbulletin.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themorningbulletin.com.au Daily Mail and Mail on Sunday newspapers.