Death of the nightclub: How pubs are taking over
For decades they have served as the integral threads of Sydney's colourful night-time fabric. But the modern-day nightclub, dozens of which have shuttered in the past 12 months, look poised to face permanent extinction as Sydney's hospitality giants shift their interests into social-distancing-friendly pubs and hotels. In the past eight months alone more than $265 million worth of pubs have changed hands in Sydney with big guns Merivale, Laundy Hotels and Sam Arnaout's Iris Capital accounting for a huge boom in hotel sales. It comes as nightclub owners and operators continue to offload in...
Source: gladstoneobserver.com.au