Merivale boss Justin Hemmes buys The Whale Inn in Narooma

Justin Hemmes at Home

Justin Hemmes and Merivale have added yet another pub to its growing property portfolio. Picture: Darren Leigh Roberts.

Billionaire hotelier Justin Hemmes has added a second venue on the NSW south coast as Merivale’s $120 million spending spree shows no signs of slowing down.

Merivale confirmed on Wednesday morning it had purchased The Whale Inn in Narooma on the NSW south coast.

MORE: Inside Karl Stefanovic’s waterfront mansion

Nicole Kidman leads celebrities moving to this NSW region

18 year-old buys $5m mansion in Dural

It is the second venue in the small coastal town to be purchased by Merivale in recent months after a waterfront tiki bar, The Quarterdeck, was acquired for about $1 million.

Supplied Editorial Whale Motor Inn at Narooma, NSW.

The Whale Inn has 17 rooms and ocean views.

“Narooma has become my second home and the backdrop to so many of my happiest memories with my family,” Mr Hemmes said.

The Whale Inn had been owned by the late Matthew Deveson and Jen Houghton-Deveson for the past 15 years. The establishment had 17 rooms, a laid-back restaurant and bar.

“Matt was a true gentleman; a man of great kindness and dignity who truly loved Narooma and the wonderful people who call it home,” Mr Hemmes said.

“It is an honour for us to continue Matt and Jen’s legacy.”

RELATED: Inside Justin Hemmes’ $120 million pub spending spree

Hemmes recently purchased The Quarterdeck also in Narooma. Source: Facebook

Real Estate

Merivale paid $13.5 million for the Cheeky Monkey’s bar in Byron Bay.

Merivale confirmed the restaurant would close for a quick refresh when the hospitality giant receives the keys to The Whale Inn this week. Accommodation will remain open until refurbishment plans are finalised.

The Whale Inn is the seventh venue to have been purchased by Merivale in the past three months as the group embarks on the one of the biggest pub shopping sprees seen in recent memory.

Recent acquisitions include Cheeky Monkey’s in Byron Bay for $13.5 million, Norton’s Irish Pub in Leichhardt for about $24 million and Merivale’s first two venues outside NSW – the Lorne Hotel in Victoria and Tomasetti House in Melbourne.