Keystone Group have gone into receivership

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Keystone Group have gone into receivership

The Group behind venues such as Cargo Bar, Kit and Kaboodle and Bungalow 8 have gone into receivership.

Just today, Morgan Kelly and Ryan Eagle of Ferrier Hodgson have been appointed the receivers and managers of the Keystone Hospitality Group.

The full list of venues included in this appointment are:

  • Bungalow 8
  • Cargo Bar
  • Chophouse Perth
  • Chophouse Sydney
  • Gazebo
  • Jamie’s Italian Sydney
  • Jamie’s Italian Perth
  • Jamie’s Italian Canberra
  • Jamie’s Italian Brisbane
  • Jamie’s Italian Adelaide
  • Jamie’s Italian Trattoria
  • Kingsleys Brisbane
  • Kingsleys Woolloomooloo
  • Manly Wine
  • Sugarmill Hotel
  • The Rook
  • The Winery

Morgan Kelly, one of the receivers of the Sydney based Hospitality Group, says the venues will continue to trade on a business as preparations and assessment of the venues commences.

“Given the current buoyant hospitality market we anticipate a lot of interest in the sale of the venues… The venues in the Keystone Group comprise some of the most iconic and well-known brands in their respective markets.”

He says “The sale of the group represents a unique opportunity for the right operator and is particularly suited to hospitality specialists interested in expansion. The sale process is expected to commence shortly.”

Is this be yet ANOTHER ambassador of Sydney nightlife to fall due to Mike Baird’s unfair government?

[Via: The Shout]


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