It is a well-known establishment, which has been held by the Twohill and Bale families for close to four decades.
It was projected to profit more than twenty million dollars.
Although the transaction cost has not been publicized, the famous hotelier informed The Newcastle Herald that he was resolved to acquire the establishment at whatever cost because his family members have wished to possess it for many years now.
The tavern is fondly called “The Beaches.”
For the last three decades, the Lazarus family owned and managed hotels and restaurants, such as the Exchange, The Eastern, Shoal Bay, Granville, and The Vauxhall Inn, some of the hotels owned and operated by the Eastern Hotels Group.
Peter Lazarus, an Eastern Hotels Group director, will assume the responsibility of overseeing the daily operations of the Beach Hotel Merewether.
Looking back, Peter was instrumental in the close to seven million refurbishments of the Shoal Bay Hotel.
Deane Moore and Mike Wheatley are marketing the hotel using the slogan “Newcastle Trophy Asset.”
This iconic brick building, opening in 1946, has long been a favorite among the locals, courtesy of its enviable location.
The 1858 square meters hotel deploys a popular design style of the 1920s and ’30s, characterized by stylized forms and the usage of artificial materials.
And it features spacious porches offering a beautiful view of the Merewether surf beach that is simply from the core of the Newcastle Central Business District (CBD).
The Andrew Lazarus family confirmed that they were contemplating a renovation but wished to dilly-dally and hear what the community, engineers, and architects had to say before deciding.
After running the pub for over thirty years, long-term owner John Twohill expressed mixed sentiments regarding the sale.
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Learn more about Andrew: https://angel.co/u/andrew-lazarus-au