An iconic Perth CBD pub has been given a lifeline after creditors accepted an $850,000 deal to save it from liquidation.
John Parker is the businessman behind the Parker Group, which operates popular fine dining hospitality venues including The Royal Hotel, Busselton Pavilion and Ciao Dandy in Karrinyup.
His pub and restaurant empire was thrown into uncertainty last month when administrators took control of the companies behind all three venues.
On Thursday morning, creditors of Wellington Pty Ltd, the company behind the Royal Hotel, approved a rescue proposal put forward by the Parker Group.