First, it was the roof collapsing, now it’s the business: Stonewall Hotel Pty Ltd, the company behind the Oxford Street gay bar Stonewall Hotel, which was recently acquired by US-based Pride Holdings Group, has fallen into administration.
Documents lodged with the corporate regulator, the Australian Securities and Investments Commission (ASIC), at 1.43pm on Friday, March 13, show Vanguard Insolvency Australia’s Mohammad Najjar was appointed as administrator. Gay sydney News received an automated alert from ASIC at 9.09pm on Monday, March 16, that Stonewall had gone into administration.
News of the company going into administration first surfaced on social media, where Instagram user Robbie Norrie posted a photo of a notice on the venue’s exterior.
“This business is now under the control of Vanguard Insolvency Australia Pty Ltd. An Administrator has been appointed to Stonewall Hotel Pty Limited pursuant to the Corporations Act 2001 (Cth),” the notice said.
“The affairs and assets of the company are now under the control of the Administrator. Unauthorised removal or interference with company property is prohibited and may constitute a criminal offence.
“All creditors, customers and other…