Palace Hotel starting up again
THE beer looks set to begin flowing again soon at Warwick's Palace Hotel, which closed down shortly before Christmas.
Previous licensees Graham and Lynn Hyde effectively vanished without trace, shutting up shop both at the pub itself on the corner of Percy and Palmerin Sts and at their former Westside shopping centre retail liquor outlet.
Office of Liquor and Gaming Regulation records show the Palace Hotel's licence is now in the hands of accounting firm Bentleys, who have been appointed receivers and managers of the business.
A spokesman for Bentleys yesterday told the Daily News they were in the process of re-assessing the long-term viability of the hotel business but were confident it would reopen, possibly even by the end of this month.
"There's not a lot we can say publicly at this stage other than that, but the good news that we are able to place on the record is that the former employees of the business will receive all of the outstanding entitlements they are owed, if they haven't in fact been paid already.
"We are looking at the business now moving forward and this is with a view to restocking and reopening.
"We expect to appoint a new manager and in terms of a timeframe it's not too optimistic to say that the hotel might reopen by the end of January."
It is understood the re-opening would also include the Westside outlet.
Rumours have abounded in recent weeks that the prime hotel site had been or was in the process of being purchased by Woolworths, with the suggestion being the food and beverage giant had it earmarked for a BWS or a Dan Murphy's outlet.
The Bentleys spokesman declined to comment on any sale or potential sale of the property.