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Inside the 'dirty strategy lunches in media city'

Inside the 'dirty strategy lunches in media city'
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Sydney playboy building a huge pub empire.

Former high-flying banker Jon Adgemis has turned his attention to pouring beers - and is out to give Sydney's gaggle of pub tsars a run for their money.

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Zagame family sell Boronia Hotel for $24m

A Brisbane-based investor has purchased the Zagame’s Boronia Hotel in Melbourne, while Jon Adgemis has added the Empire Hotel in Annandale to his collection.

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Jon Adgemis and Bruce Gordon bury the hatchet over $10m loan

The business associates have quietly resolved their differences over a $10 million loan, which ended up in the NSW Supreme Court.

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Redcape, ALH, Jon Adgemis expand pub portfolios

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Listed pub owner and operator Redcape Hotel Group has extended its post-COVID buying spree, after snapping up O’Donoghues Hotel in Penrith in western Sydney for $31 million amid a flood of new deals in the fast-recovering sector.
Alongside the acquisition of the large-format Irish-themed pub – the group's fourth purchase since November – Redcape said it expected earnings for the six months to December 2020 to be ahead of what it delivered in the prior half-year period despite higher compliance costs due to the pandemic, and declared an interim distribution of 1.83 cents per security.
O'Donoghue's Hotel was sold by long-term owners FAL Hotels.

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