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Mr Short, who lives in a $9million Vaucluse mansion with his wife Allyson and their three children, earlier this year already offloaded most of his pub holdings.
The Sydney Collective, which operated Frasers Short’s once booming hospitality empire of pubs and restaurants, owes creditors almost $6m.
All up, the businessman has cleared some $170 million selling assets in the last year. The reason why has become a well-worn subject among fellow hoteliers.
Notable NSW hospitality operator Fraser Short has announced that he is handing over the reins of his group The Sydney Collective, with Brett Sergeant appointed as CEO. Sergeant was most recently the CEO of Colonial Leisure Group, and before that COO of Merivale.
BridgeClimb in Sydney has joined the operators doubling the value of people's $25 Dine & Discover vouchers. One special with BridgeClimb could see the cost of the climb cut by $135.