Emerging pub baron Glenn Piper has snapped up the Bermagui Beach Hotel in New South Wales for around $20 million in an off-market deal, adding to a $200 million hospitality portfolio that has expanded to nine coastal venues.
Dubbed “the next Justin Hemmes”, the rising hospitality star’s Epochal Hotels acquired the pub and accompanying 18-room hotel and motel in NSW’s Sapphire Coast from Yannis Gantner, who ran the venue for eight years before its sale.
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Sarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom. Email Sarah at sarah.petty@afr.com