Woolies confirms it's buying Urangan's Kondari Resort
SIGNED, almost sealed and delivered: the Kondari Resort is set to become part of the Woolworths empire.
Ross Blair-Holt, director and chief operating officer of Woolworths pub arm Australian Leisure and Hospitality Group, has confirmed the company's purchase.
It comes after the Chronicle broke the news earlier this week that the Urangan pub and resort could be taken over by the retail giant.
Mr Blair-Holt said an offer had been contracted for the Kondari, which should settle in six to eight weeks.
He said when that settled ALH's systems would be put in place with a special focus on "reinvigorating the accommodation offer" of the resort.
The Kondari once ruled as the region's most iconic venue and hosted great Australian bands including INXS and Jimmy Barnes.
Mr Blair-Holt said the four Liquor Lads bottle shops, owned by the resort group and located throughout the Bay, would become BWS stores.
The resort has been owned by Independent Pub Group since 2008 after it was snapped up in a multi-venue deal worth $65 million.
Before that the Chronicle reported in late 2005 a $12.25 million sale to the Munday Group by a consortium that paid about $5.5 million in December 2002.
ALH employs 14,000 people in Australia at more than 300 licensed venues and more than 460 bottle shops.
The Kondari includes a pub and restaurant, accommodation and the four Liquor Lads bottle shops.