Business
Merivale buys Randwick pub for $32m – The Australian Financial Review
The acquisition of the Duke of Gloucester comes as Merivale Group seeks to refinance about $500 million of debt.
“Merivales latest purchase is a strong vote of confidence in the future of the pub industry after a devastating year and an optimistic step forward in hospitalitys road to recovery,” a spokeswoman for the group said.
“Merivale will receive the keys to The Duke of Gloucester in January 2021. Future plans for the venue will be announced in due course.”
The acquisition of the DOG comes as Merivale fronts the country’s big banks asking for as much as $500 million to help refinance and grow its pubs…
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