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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