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ACCC to allow ALH Group’s acquisition of Caringbah Hotel

By  |  July 20, 2012
ACCC to allow ALH Group’s acquisition of Caringbah Hotel

The ACCC has announced that it will not oppose the proposed acquisition by Australian Leisure and Hospitality Group (“ALH”) and the Laundry Hotel Group of the Caringbah Hotel in NSW. The deal was under competition scrutiny because Woolworths, Australia’s largest liquor retailer, has a 75 percent stake in ALH, and Caringbah is a “large format ‘destination’ liquor store.” The ACCC examined the local market and found that the closest Woolworths-owned competitor was 12 kilometers away. The removal of Caringbah as a competitor in the market was thereby found not to raise any serious competition concerns.

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