Hospitality operator Solotel has added three Sydney venues to its portfolio – Redfern’s The Norfolk, Paddington’s Oxford House and Alexandria’s Camelia Grove Hotel – which were put up for sale by the receivers and administrators of Public Hospitality Group.
Public Hospitality Group lost control of the venues in September after private credit investor Muzinich & Co pulled out of a refinancing deal. Muzinich called in FTI Consulting, an insolvency specialist, to run them prior to Solotel taking over.
Solotel has decades of experience operating dozens of venues across Sydney and Brisbane, include the Abercrombie, Barangaroo House, Opera Bar, Aria, Chiswick, North Bondi Fish, Riverbar & Kitchen, Paddo Inn, Kings Cross Hotel, The Clock, The Golden Sheaf, The Bank, Albion Parramatta and more.
The addition of these three venues takes Solotel’s portfolio to 30 venues and adds an additional 58 rooms to its accommodation offering.
Solotel CEO Elliott Solomon (above) said: “This is an incredibly exciting time for Solotel, and we couldn’t be prouder to be able to revitalise these much-loved venues for their communities and their teams. Each of them already delivers fantastic experiences for their guests and this opportunity means that the teams can access more resources to build on that. Watch this space as we have exciting plans to evolve these venues over the next 12 months.
“It also means we can serve even more areas of Sydney which is part of our commitment to grow the hospitality industry across this great city, supporting vibrant and thriving communities.”