Andrew Lazarus has expanded his remarkable portfolio of hotels by acquiring the iconic Beach Hotel Merewether in Newcastle.
The hotel is a popular joint at 99 Frederick Street with a rich history dating back over 40 years.
Andrew purchased the $20 million-plus valued property from Bale and Twohill families at an undisclosed price.
Upon completing the deal, Mr. Lazarus, through the Newcastle Herald, said he was willing to do everything necessary to purchase the pub and see the family’s dream of owning the Beaches, which they have been pursuing for some time become a reality.
Further reading: Sydney hotelier Andrew Lazarus buys Beach Hotel Merewether
The purchase of the Beach Hotel Merewether by Andrew Lazarus expands the exciting hospitality venues owned and operated by the family.
The Lazarus family has been in the hospitality industry for 30 years, managing a portfolio of properties, including the Exchange Hotel, the Eastern in Bondi Junction, Hamilton, Shoal Bay Country Club, Granville, and the Vauxhall Inn, El Toro and Motor Inn, and the Warwick Farm.
The family has put Peter Lazarus in charge of the Beach Hotel.
Peter Lazarus, the director of the Eastern Hotels Group, brings a lot of experience to the management team, including the $6.5 million renovations of the Shoal Bay Country Club.
The Beach Hotel is the Newcastle Trophy Asset.
The hotel overlooks the picturesque beaches, making the circa 1946 brick building popular with locals.
The property is minutes away from the Newcastle CBD and features 1858sqm Art Deco style and expansive verandas that overlook the scenic Merewether surf beach.
Andrew Lazarus and the family plan to refurbish the hotel, but the decision is on hold to enable engagement with architects and the community.
Connect to Andrew Lazarus on Linkedin.com
Learn more about Lazarus: https://www.f6s.com/andrew-lazarus/