Investors Tip Jon Adgemis' Luxury Yacht into Receivership

Already a subscriber? Investors owed money by Jon Adgemis ’ hospitality empire tipped a company that owns the publican’s luxury yacht into receivership last month – before handing it back.

The Yacht Pty Ltd owns Mr Adgemis’ 95-foot yacht Hiilani, once owned by Shirley Temple. It was tipped into receivership by Equitable Investors, the trustees for an investment vehicle set up by Lance Rosenberg’s Gleneagle Securities. Among the major investors in that group is billionaire businessman Alex Waislitz’s Thorney vehicle.

Mr Waislitz invested in PHG in early 2022 during a $40 million fundraising round. As part of the pitch to investors at the time, PHG talked up an IPO of its operating entity and noted its properties were worth as much as $470 million. In May that year,The focus was to reopen its properties – many of which were closed.’s Street Talk column has previously reported that PHG’s former senior lender, Macquarie Capital, had sold to Deutsche Bank.

Source: News Formal (newsformal.com)

Investors Jon Adgemis Hospitality Empire Luxury Yacht Receivership Negotiations Debts Public Hospitality Group Venues Sydney Melbourne

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