Public House Management Group (PHMG), CEO and founder Mitchell Waugh has announced the sale of Bistro Moncur and the Woollahra Hotel.
PHMG purchased Bistro Moncur and the Woollahra Hotel in 2015.
PHMG will retain ownership of the Royal Hotel Paddington, The Toxteth and Marrickville Ritz, with plans to re-imagine the three venues. Future acquisitions are also on the cards.
The Royal Hotel Paddington will transform over the next two years, re-invigorating the food offering while preserving the rich heritage and charm of the eastern suburbs institution.
The reopening of the Toxteth Hotel in Glebe in August 2018 saw an extensive 6-month refurbishment of the interiors, exterior and an overhaul of the food and beverage offering. The venue was purchased by PHMG for $22 million-dollars in February 2017 from Geoff Dixon and John Singleton’s Riversdale Group.
“Saying goodbye to Bistro Moncur is bitter-sweet for us, this was our first venture in the restaurant business, and we have thoroughly enjoyed growing in this space,” says Waugh. “We took some great learnings from restaurant ambassadors Guillaume Brahimi and Damien Pignolet and there is a vision to increase the food offering of the group in the near future.
“This change brings great excitement for the wider stable of venues and the growth of the business. We have already commenced plans to reimagine our existing venues and acquire news ones, the future is certainly bright for Public House Management Group.”
PHMG will move on from The Woollahra Hotel and Bistro Moncur in mid-April.
[image] Flikr
