Music lovers celebrate victory as Annandale Hotel has been saved.
Celebrated Sydney live music venue, Annandale Hotel, has been acquired by a joint venture led by Oscars Hotels, which plans to continue the pub's live music and enterntaiment legacy.
The Annandale Hotel has been purchased by a joint venture including Bill Gravanis' Oscars Hotels and will continue to host live music for the foreseeable future. There is also a silent partner which wishes to remain anonymous.
Oscars together with undisclosed parties reportedly purchased the Annandale from receivers Ferrier Hodgson for the price of $2.05 million.
A press release from Oscars Hotels on Friday confirmed the company's intention to continue with live entertainment, but with plans to refurbish and build "a strong regular trade through providing a great food, beverage and entertainment offer".
Since the pub’s foreclosure the mayor of Leichhardt, Cr Darcy Byrne, proclaimed his intention to re-invigorate the stretch of Parramatta Rd encompassing the Annandale as a hub for live music.
So hurrah! There's still plenty of gigs coming our way!
