The companies behind The Royal Hotel in Perth’s CBD, Ciao Dandy at Karrinyup Shopping Centre and Busselton Pavilion in WA’s South West have gone into voluntary administration amid a “restructuring” process, but will continue trading.
Major shareholder of the venues, Perth hospitality baron John Parker, said it was “business as usual” despite calling in administrators from multinational insolvency specialists Rodgers Reidy.
“Following a recent consolidation of ownership, I have made the decision to appoint an administrator to assist with restructuring the businesses and setting up the venues for a stronger future,” Mr Parker said in a statement.
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“It’s business as usual at the venues — same team, same offering and same focus on customers.
“Looking forward to many more years of trade.”
But it is not clear if creditors of the three venues covered by the administration process will be paid in full. Mr Parker did not provide a response when asked.
Rodgers Reidy, which according to its website specialises in…