Glenn Piper has acquired the iconic Scarborough Hotel from Rich Lister Bruce Gordon for $9.5 million.
Rising hospitality star Glenn Piper – dubbed by some as the “next Justin Hemmes” – has acquired the iconic Scarborough Hotel on NSW’s south coast for $9.5 million.
The 138-year-old heritage-listed pub at Scarborough adds to Mr Piper’s portfolio, which includes McMahons Point’s Commodore Hotel, Newcastle’s Merewether Beach Hotel, the historic 105-room Q Station hotel near Manly, and the Harbord Hotel in Freshwater.The Scarborough Hotel was sold by Rich Lister Bruce Gordon’s WIN Corporation, which had owned the oceanfront asset for over 40 years.
“Pubs are not part of our core business and it is time for a new owner to guide this iconic site into the future,” he said.A deal between Mr Piper’s Epochal Hotels and WIN Corporation was finalised a month later, but it was only formally completed this week following a 12-month settlement period. Mr Piper requested the extended settlement period.
“The Scarborough Hotel stands as a rare gem among Australian pubs, boasting an expansive outdoor area, unparalleled beer garden views, and a rich and storied history,” Mr Piper said. “This is a deeply meaningful project for us. We want to deliver something truly special here, an experience that befits its spectacular location, reflects the pub’s stature and resonates deeply with the community.”Mr Gordon, 94, has been an active player in the property market in the state’s south coast region for years but has ramped up his selling activity in recent weeks.
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