The owner of two iconic melbourne/index.html” id=”mol-2c460350-bcf5-11ef-808c-25a9bab2800a” class=””>Melbourne pubs that collapsed owing $1.5million to creditors has blamed the Covid pandemic for her financial woes.
The Carlton Club on Bourke Street in Melbourne’s CBD and the Windsor Castle Hotel on Albert Street, with its distinctive pink elephants on the roof, have both been in voluntary administration since November 17.
Both venues remain open while administrators from Cor Cordis seek urgent expressions of interest for a restructure or sale of the business.
Among the options on the table is a deed of company arrangement (DOCA) which is an agreement between the company and its creditors that would avoid liquidation.
Owner Tracey Lester said in a statement that the ‘past few years have been incredibly challenging as we navigate the ongoing impacts of the Covid-19 pandemic’.
‘We are at the closing end of a restructuring process, and I remain committed to working closely with my advisers and legal team to achieve the best possible outcomes for my…
