Tax Overload Closes Landmark Adelphi Hotel
Melbourne’s iconic Adelphi Hotel closed last week after the Australian Taxation Office sought court orders to wind up Gabriel Hotels Group claiming unpaid tax.
Liquidator Gary Fettes of Rodgers Reidy said the 35-room hotel is in good order but its owner, Gabriel Hotels Group, laboured under a complex strata ownership structure as well as significant debt, according to The Australian.
“They had an outstanding ATO taxation liability and the ATO wound them up using a court order,” Mr Fettes said.
Gabriel Hotels Group director Damien Hodgkinson, a former KPMG partner in Sydney, bought the Adelphi out of bankruptcy in 2006 along with a couple of investor mates.
Mr Hodgkinson said, “It’s been a difficult time for the tourism industry,” he said, blaming the poorly performing domestic tourism sector along with a large construction project in nearby Collins St for the hotel’s demise.
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