Business

Andrew Lazarus Buys a Beach Hotel Merewether

The family of Lazarus has owned and operated various hospitality venues for over 30years.

Their Eastern Hotels Group manages a portfolio of assets, including the Easter in Bondi Junction, Shoal Bay Country Club, The Vauxhall Inn, The Exchange Hotel, Granville, and the El Toro Hotel & Motor Inn Warwick Farm.

Further reading: Sydney hotelier Andrew Lazarus buys Beach Hotel Merewether

Andrew Lazurus surprised people when he acquired the famous and one of the most iconic pubs in Newcastle, the Beach Hotel Merewether.

Read on to find out more information about the hotel.

The sale of the Hotel

The popular venue, owned by the Bale and Twohill families for over 40 years, was worth more than $20million. However, the sale price isn’t disclosed.

Andrew Lazarus said he would do everything to get his hands on the pub affectionately known as ‘The Beaches’ since his family had been eyeing it off for some time.

About the Beach Hotel

It’s in one of the region’s most beloved beaches with an unbeatable location; the iconic circa 1946 brick building has been popular with locals since its opening.

It conjointly encompasses a 1858sqm Art movement vogue property that features expansive verandas overlooking Merewether surf beach, minutes from Newcastle CBD.

Plans on its Operations

Peter Lazarus, who played a vital role in the $6.5 million renovations of the Shoal Bay Country Club, will officially take over the club’s day-to-day activities.

The Beach Hotel will also be marketed by Deane of Moore & Moore Real Estate in conjunction with Mike Wheatley of Knight Frank.

After acquiring it, the family plans to refurbish but wants time to engage with the community and architects before making decisions.

The long-time owner of the hotel said that he had mixed reactions to the sale of a property he had owned for a long time.

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Learn more about Lazarus: https://www.domain.com.au/news/hotelier-andrew-lazarus-sells-vaucluse-house-to-hipages-cofounder-for-8m-20180709-h12fst-751707/