After being shut since last year's lockdown, the Lady Hampshire Hotel in Camperdown is set to reopen under new ownership after being snapped up in an off-market sale.
PUBLIC Hospitality Group, a venture founded by former head of mergers and acquisitions at KPMG Jon Adgemis, bought the Lady Hampshire on Parramatta Road for about $11 million, it was announced last week.
"This was an ideal opportunity to re-introduce a local favourite to the public," said PUBLIC Hospitality Group marketing executive Nicole Jabour.
The pub and accommodation upstairs will reopen after renovation. "A local gem such as the Lady Hampshire, deserves to be unveiled in a light that best represents its history," she said.
"We will welcome the community back to a carefully redesigned space, that provides a place for friends and family to come together and experience the same good times that the Lady Hampshire always provided."
The Lady Hampshire is venue number 15 for the hotel group which is focused on becoming "Australia's premier millennial lifestyle network of hospitality venues". The company's $400 million portfolio also includes the Town Hall Hotel in Balmain and the Empire Hotel in Annandale which it bought for around $20 million in October last year.
Kate MacDonald, Vice President of JLL Hotels, the company which oversaw the sale, cited "COVID-fatigue" as one of the reasons the previous publicans wanted to move on from the hospitality business. Although the pub's website said it would be trading again on September 30 last year, when lockdowns were lifted the pub never reopened.
Previously known as the New Hampshire, publican Paddy Coughlan undertook a $1.25 million renovation and refurbishment of the hotel when he bought the leasehold six years ago. With a new name, trendy décor and craft beverages, Mr Coughlan hoped to give the venue which had been closed for two years a new lease on life with a focus on live music.
When Mr Coughlan stepped back from pubs to focus on his beverage business in 2018, he sold the leasehold to five former St Joseph's Hunters Hill schoolmates.
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