Andrew Lazarus, a well-known Sydney hotelier, has purchased one of Newcastle’s most renowned pubs.
The renowned 99 Frederick St venue has been owned by the Bale and Twohill families for almost 40 years.
Mr. Lazarus’ family has had their eye on the tavern for quite some time.
The Lazarus dynasty purchased the Shoal Bay Country Club and renovated it for $6.5 million.
The Eastern Hotels Group maintains a spectrum of properties, including Bondi Junction’s The Eastern, Hamilton’s The Exchange Hotel, Granville’s The Vauxhall Inn, and Warwick Farm’s El Toro Hotel & Motor Inn.
Andrew Lazarus stated that they want to revitalize the Merewether location in Newcastle as well.
The Beach Hotel in Newcastle has been sold for an unknown price to the Eastern Hotels Group.
Since its inception in 1946, the distinctive brick structure has been a favorite among residents.
The 1858sqm Art Deco-style home has spacious verandas overlooking Merewether surf beach and is located only minutes from Newcastle’s CBD.
The Tavern Was One Step of the Process
After owning the tavern for almost 30 years, long-term owner John Twohill had mixed feelings about the sale.
The purchase price was not announced, although, considering the location, it is likely to have been one of the most expensive purchases for a Newcastle bar.
In addition, the Merewether institution on the intersection of Frederick and Ridge streets is regarded as one of Newcastle’s most valuable pub properties, possessing great real land and affording spectacular coastline views.
The Eastern Hotels Group had officially taken over the Shoal Bay Beach Hotel operations in March 2020.
According to Peter, It had been an honor to guide such an iconic space into its next chapter, and he is so thankful to the Bale and the Twohill families for creating the venue.
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Learn more about Lazarus: https://www.imdb.com/name/nm1837635/