Image for Sydney’s Sandringham Hotel Forced Into Receivership

Sydney’s Sandringham Hotel Forced Into Receivership

Written by Marc Zanotti on July 10, 2012

Another Australian live music venue is in jeopardy with Sydney’s Sandringham Hotel, aka The Sando, being forced into receivership due to debts reportedly amounting to $3.6 million. According to Faster Louder, Sandringham Hotel owner Tony Townsend had been trying to re-finance the venue for sometime via different methods, including an unsuccessful attempt to sell the hotel and then lease it back.

Townsend, who has owned The Sando for the past seven years, told the Sydney Morning Herald that losing the live venue will effect he and his family both professionally and personally.

“It’s sad – it’s sad for live music, it’s sad for me personally, it’s sad for my family… This was supposed to be not only a legacy for us but, I guess, our income in retirement. And that whole dream’s gone,” Townsend said.

“We’ve taken it from one or two shows a week to quite proudly 120 bands a month,” he said. “We’re only small but we’re I guess the biggest little rock venue in Sydney,” he said.

The Newtown venue, which has been a part of King Street for over 100 years, is now controlled by insolvency specialists Ferrier Hodgson. Morgan Kelly of Ferrier Hodgson said The Sando will continue to operate as a live music venue for the foreseeable future, although the current economic climate is seeing the hotel market struggle in certain sectors.

“I will be conducting an urgent assessment of operations and considering the best options for taking the business to market,” Mr Kelly said.

“We’ll have a better understanding of the market’s appetite for this asset in coming weeks,” he said.

No matter the future of The Sandringham Hotel, it will forever live on after being immortalised by Tim Freedman, who wrote two songs inspired by the venue, Love This City – God Drinks at the Sando and Blow Up the Pokies, the latter of which, according to Townsend, was penned after The Sando’s previous owner replaced the stage with poker machines.

Join Music Feeds on Facebook

More On Music Feeds

News

Wu Tang Clan’s GZA Is Collaborating With ‘Blade Runner’ Composer Vangelis on New Album

In news that will leave hip hop and ambient music fans either quivering in excitement or scratching their heads in confusion, Wu Tang Clan member GZA has just posted photos showing him in the studio with legendary film composer Vangelis, the Academy Award winner behind the soundtrack to Ridley Scott’s Blade Runner.

News

Ozzy Osbourne Working on “Really Special” New Album

Epic Records exec Sylvia Rhone has confirmed that Ozzy Osbourne is working on a “really special” new album, following the aging rocker’s solo performance at Epic Fest over the weekend.

News

James Hetfield & M. Shadows Auditioning To Play COD Zombies Is The Best Thing You’ll See Today

James Hetfield is creeping death in the new charity promo for Call Of Duty: Black Ops III.

News

At First Sight Returns In 2015, First Line-Up Announced

At First Sight returns to Sydney’s Carriageworks this month for a day of pop up record stalls, live music and more.

News

Gotye Working On New Album, Dedicated To Electronic Music Pioneers

Gotye is reportedly hard at work a new album, the follow up to 2011 hugely successful Making Mirrors, said to be taking shape as a concept album dedicated to electronic music pioneers.

News

World’s End Press Announce National ‘Tall Stories’ EP Tour

World’s End Press have followed up last week’s news of their new single and EP, both titled Tall Stories, announcing a tour in support of the EP, unsurprisingly named the Tall Stories EP Tour, kicking off in early October.

Around the web

This May Also Interest You