Two popular Melbourne venues have collapsed owing more than $1 million to creditors as administrators urgently seek a buyer to keep the “much-loved, iconic” hospitality businesses afloat.
Tracey Lester, owner of The Carlton Club and the Windsor Castle Hotel, brought in Cor Cordis administrators Rachel Burdett and Shaun Matthews late last month to explore either a restructure or sale of the businesses.
“The past few years have been incredibly challenging as we navigate the ongoing impacts of the Covid-19 pandemic on both The Windsor Castle and The Carlton Hotel,” Ms Lester said in a statement.
“We are at the closing end of a restructuring process, and I remain committed to working closely with my advisers and legal team to achieve…
