New owner of Bayswater Hotel to be revealed soon

URANGAN'S Bayswater Hotel is likely to be under new ownership soon, with general manager Andy Carlin confirming rumours the picturesque nightspot has sold.

Mr Carlin declined to offer further details, adding that providing the sale went ahead as planned, the new owners would be revealed in about a week.

The Bayswater was one of three hotels owned by former Fraser Coast entrepreneurs Katie and Clay Clayton, which went into receivership last year after suffering financial woes.

The others were the Post Office Hotel and Criterion Hotel in Maryborough.

It was reported at the time that Clayton Enterprises had lost almost $2 million in the previous two years, with a substantial decrease in property values and the 2011 floods combining to put pressure on the business.

It is the second time the Bayswater has been in receivership since opening in 2007, in conjunction with Peppers Pier Resort.

The first time was in 2009 when receivers were appointed because the Bayswater and the resort were not servicing their level of debt.

Meanwhile, the Post Office Hotel and Criterion Hotel are still for sale.

Several other Maryborough hotels are also on the market, including Lounge 1868 in Wharf St, the Hotel Carlton in Ellena St and the Central Hotel in Adelaide St.



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