Rising pub baron Glenn Piper has snapped up the Scarborough Hotel in Wollongong, adding it to his growing portfolio.
Bermuda-based media veteran and billionaire Bruce Gordon has sold the Scarborough Hotel that he has owned for 40 years to expanding hotelier Glenn Piper for $9.5 million.
“Our mission is simple: to uncover unique local institutions and the collective memories buried within communities. As a team, we’re fuelled by the desire to build on or revive local pride in places we genuinely believe are incomparable,” Piper said in a statement.As per previous venues, Piper has partnered with a small syndicate of investors on the purchase, including several local to the south coast. Further details will be announced in due course.
“Pubs are not part of our core business, and it is time for a new owner to guide this iconic site into the future,” Lancaster said.
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