The jockeying of lenders around pub baron Jon Adgemis’ complicated debt rescue has seen the watering hole in Sydney’s inner west pulled from sale.
This comes as Mr Adgemis is hammering into shape the rescue plan for his network of 22 pubs, hotels and restaurants, which are labouring under a $500m debt load.
Savills sales agents were told in recent days the Empire Hotel would be withdrawn from the market amid expectations the 21-room, three floor venue would snag up to $40m on the…
