Two of the nation’s most successful hospitality groups have agreed an exciting outcome regarding one  of Australia’s most recognisable and popular waterside hospitality offerings, Hugo’s on the eponymous Manly Wharf.

Conceived, owned and operated by Sydney’s well known Hugo’s team, the award winning asset has been acquired by the similarly award winning Artemus Group in a deal that will see the iconic restaurant continue to be operated the same as it always has by Dave Evans and David Corsi. 

The deal, conducted by Andrew Jolliffe of specialist firm HTL Property, was negotiated over a number of  months; and importantly includes a view to the future, as much as the sale of an iconic asset.

“Call us biased, but we respectfully believe there are very few, only a handful internationally maybe, of  truly world class waterfront hospitality destinations - and this most certainly is one of them” commented  HTL Property Managing Director, Andrew Jolliffe.

“What makes this transaction so appropriately unique, is the genuine desire for the two leading hospitality groups to contemplate new ventures together in the future, such is the level of reciprocal respect one another commands” Jolliffe advised.

“As such, it brings us great pleasure to announce the sale of the iconic Hugo’s at Manly Wharf after 16  years of continuous ownership and on behalf of our outstanding clients Dave Evans, Dave Corsi and  Daniel Vaughan” added Jolliffe.

Dave Evans said “David Corsi and myself will continue to operate the restaurant day to day with all the  same management and staff staying on board and we’re looking forward to growing the Hugo’s brand into new sites.”

“As for the new owners, the Artemus Group owned and operated by the highly regarded Adam Flaskas, Paul Henry and Luke Fraser, they simply need no dramatic introduction; and we warmly congratulate  them and their team, and look favourably forward to watching the broader transformation of this  harbourside gem after their earlier acquisition of the Manly Wharf and Manly Wharf Bar which has  reopened as Felon’s Manly.” Jolliffe concluded.

Luke Fraser said “Hugo’s is a Manly institution and will remain the same as it is and we’re excited to be  working With Dave and David who will continue to operate the business day to day and “business as usual”.