Merivale has acquired its first hospitality venue outside Sydney – The Quarterdeck in Narooma. The town is located in the Eurobodalla region of the NSW South Coast and holds a special place in the heart of Merivale CEO Justin Hemmes.
“Narooma has become my second home and the backdrop to so many of my happiest memories with my family,” he said. “I think it is one of the most beautiful spots in the world, with a unique landscape, crystal clear waters and an amazing community of people who call it home. It has been an absolute privilege to spend so much time here over the past six years and I’m excited to now join the local business community.
“One of the silver linings to come out of the last year is a heightened appreciation for our own backyard, an excitement to explore our spectacular country and its coastline. We are so lucky to call Australia home.”
Set on the shores of Forsters Bay, The Quarterdeck has been an institution in the Eurobodalla community for decades. Originally an oyster grower’s shed, it has been operating as a Tiki bar for the past 20 years. Local identities Chris and Robyn Scroggy converted it from a fish-and-chip shop to one of the region’s top dining destinations.
Merivale will receive the keys to the venue within the next few months. It will trade as normal for the foreseeable future.
The deal was negotiated off market by Kate MacDonald Vice President, Hotels and Hospitality JLL. It follows Merivale buying the Duke of Gloucester Hotel in Randwick for $32 million last year, while in 2019 it acquired Bondi’s Royal Hotel.
Merivale’s hospitality portfolio now comprises more than 80 brands and venues.