Nightclubs no more: Hallmark venues Asylum and Lost Kingdom closes on the Glitter Strip
Two nightclubs have been shut down and had their leases terminated on the popular party stretch of Surfers Paradise. FIND OUT MORE.
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Two nightclubs have abruptly shut down and had their leases terminated on the popular party stretch of Surfers Paradise.
Lost Kingdom and Asylum, owned by hospitality giant Hallmark Hospitality, both closed in recent weeks with a notice pinned to the Orchid Avenue venues pointing out both leases had been discontinued.
A notice of termination, signed on behalf of the landlord Hachma International by its solicitors, stated the two venue leases had been terminated due to an “un-remedied breach of the lease”.
“Particulars of that breach are as specified in the Form 7 Notice to Remedy Breach of Covenant dated 28 January 2025, which has previously been served on you and with whose requirements you failed to comply,” the notice read.
“You are directed to contact Centre Management to discuss your make-good obligations and the removal of your equipment and stock from the premises.”
Hallmark Hospitality director Matt Heanen confirmed the company’s nightclubs were no longer tenants on Orchid Ave.
“We decided to end of tenancy in agreement with the landlord, the notice is just a formality,” he said.
“We are no longer tenants at Lost Kingdom and Asylum and not sure what the landlord’s plans are for the site.”
The jungle-themed Lost Kingdom nightclub launched in mid-2020 with a $1.5m fit-out with the owners describing its offering as a “full-on nightclub experience”. It had originally been called Tane - pronounced Tah-ney - after the Polynesian god of forests and birds, but a backlash forced the Lost Kingdom rebrand.
Asylum launched six months earlier in December 2019, with a $2m fit-out in the space formerly occupied by nightclub institution Shooters.
The closures come after the hospitality powerhouse sold a swathe of venues to another major player, Australian Venue Co, in September last year.
Hallmark offloaded six Brisbane venues and four Gold Coast venues including The Cavill Hotel, Finn McCool’s Brisbane & Gold Coast, The Lord Alfred, Sandbar, Lefty’s Music Hall, Retro’s Brisbane & Gold Coast, Hey Chica and Enigma.
Australian Vevnue Co’s acquisition of the venues was reportedly about $50 million.
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