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Justin Hemmes and Merivale added another bar to their growing real estate portfolio. Picture: Darren Leigh Roberts.
Billionaire hotelier Justin Hemmes (Justin Hemmes) added a second hotel on the south coast of New South Wales because Merivale’s $120 million spending spree shows no signs of slowing down.
Merivale confirmed on Wednesday morning that it had purchased The Whale Inn in Narooma on the south coast of New South Wales.
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This is the second venue Merivale has acquired after acquiring The Quarterdeck, a seaside tiki bar, in the coastal town of The Quarterdeck for approximately US$1 million in recent months.
Whale Inn has 17 rooms with sea views.
“Narooma has become my second home, and it is also the background of my happiest memories with my family,” Mr. Hemmes said.
For the past 15 years, the Whale Hotel has been owned by the late Matthew DeVison and Jane Horton-DeVison. The institution has 17 rooms, a laid-back restaurant and bar.
“Matt is a real gentleman; a very kind and dignified man, he really loves Narooma and the good man who calls it home,” said Mr. Hermes.
“We are honored to continue the legacy of Matt and Jen.”
related: Justin Hemmes’ $120 million bar spending spree
Hemmes also recently purchased The Quarterdeck in Narooma.Source: Facebook
Merivale paid $13.5 million for Cheeky Monkey’s Bar in Byron Bay.
Merivale confirmed that when the hotel giant receives the keys to The Whale Inn this week, the restaurant will be closed for quick updates. The accommodation will remain open until the renovation plan is finalized.
Whale Inn is the seventh place Merivale has purchased in the past three months as the group embarked on one of the biggest bar shopping spree in recent memory.
Recent acquisitions include Cheeky Monkey’s in Byron Bay for A$13.5 million, Norton’s Irish Pub in Leichhardt for about A$24 million, and Merivale’s first two venues outside of New South Wales-Lorne Hotel in Victoria. And Tomasetti House in Melbourne.
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