What Does the Sale Mean for The Beach Hotel?
The venue at 99 Frederick St, which has been owned by the Twohill and Bale families for more than four decades, is among the most famous pubs in Newcastle.
The popular venue was listed for more than twenty million dollars.
Lazarus has revealed that he is eager to acquire the pub known as ‘The Beaches,’ after his family has wanted it for a long time.
The sale price has not yet been disclosed, but Lazarus has said that he will do everything to acquire it.
The Eastern Hotels Group oversees a variety of assets, including The Eastern in Bondi Junction, The Exchange Hotel in Hamilton, Shoal Bay Country Club, the El Toro Hotel & Motor Inn located in Warwick Farm, and the Vauxhall Inn in Granville.
The Lazarus family has been in the hospitality business for thirty years.
Peter Lazarus, Director of the Eastern Hotels Group, will assume day-to-day control of the Beach Hotel as a result of his significant involvement in the $6.5 million Shoal Bay Country Club renovation.
Deane Moore of Moore & Moore Real Estate and Mike Wheatley of Knight Frank are marketing the Beach Hotel as a ‘Newcastle Trophy Asset.’
The brick structure, which opened in 1946, has been a favorite among locals since its inception.
Its unbeatable location near Merewether beach, one of the region’s most famous beaches, has made it a favorite among locals.
The Art Deco-style asset that covers 1858sqm is near the heart of Newcastle, yet just minutes away from Merewether beach.
The Lazarus family wished to consult with the architects and the community before deciding about refurbishing the pub.
John Twohill, the long-term owner, expressed mixed feelings about the purchase after operating the establishment for over three decades.