THE company formerly behind The brisbane Hotel has been placed under voluntary administration, leaving in its wake debts worth hundreds of thousands of dollars.
Prominent hospitality operator Geoff Hayward cited high rents and a soft economy for entertainment venues on the Brisbaneās trading losses for Capital Management over the past two years.
Poor trading for the Highgate venue came on the back of an exorbitant refurbishment, rumoured to cost millions of dollars that transformed the once tired corner pub into one of perthās most popular venues.
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Following voluntary administration of Capital Management, the hotel is now owned and operated by Brisbane Hotel Holdings Pty Ltd, a subsidiary of the Prendiville Group.
The groupās spokesman Tony Dichera said āit is business as usualā at the hotel.
āThe previous licensee is no longer involved with the property in any capacity,ā Mr Dichera said.
āTherefore their company going into voluntary administration has no effect on the current ownership and operations of The Brisbane Hotel – it is business as usual.
āThis has no impact on any confirmed reservations or function bookings,ā…
