Justin Hemmes, Merivale has acquired The Quarterdeck in Narooma, a beautiful town in the Eurobodalla region of the NSW South Coast. This is Merivale’s first hospitality venue outside Sydney. The deal was negotiated off market by Kate MacDonald Vice President, Hotels and Hospitality JLL.
Justin Hemmes, Merivale has acquired The Quarterdeck in Narooma, a beautiful town in the Eurobodalla region of the NSW South Coast.
This is Merivale’s first hospitality venue outside Sydney.Justin Hemmes, CEO of Merivale, said: “Narooma has become my second home and the backdrop to so many of my happiest memories with my family. I think it is one of the most beautiful spots in the world, with a unique landscape, crystal clear waters and an amazing community of people who call it home.
The deal was negotiated off market by Kate MacDonald Vice President, Hotels and Hospitality JLL.
Kate MacDonlad told WILLIAMS MEDIA "Congratulations to Merivale on their first acquisition outside of Sydney. We’re looking forward to seeing the team thrive in this rare over-water gem, in a town where seal and ray sightings are an everyday occurrence. The locals and tourists of Narooma, and the surrounding Sapphire Coast, are in for a real treat."
It has been an absolute privilege to spend so much time here over the past six years and I’m excited to now join the local business community”.He continues, “One of the silver linings to come out of the last year is a heightened appreciation for our own backyard, an excitement to explore our spectacular country and its coastline. We are so lucky to call Australia home”.
Set on the shores of Forsters Bay, The Quarterdeck has been an institution in the Eurobodalla community for decades. Originally an oyster grower’s shed, it has been operating as a Tiki bar for the past twenty years.
Merivale will receive the keys to the venue within the next fews months. It will trade as normal for the foreseeable future.
For more information about this transaction and other similar off market deals please email the selling agent Kate MacDonald via the contact form below.