Today Merivale confirmed rumours that it has purchased the Coogee Beach Palace hotel.

This news comes hot on the heels of the announcement that Merivale has also  purchased the Noble Canteen (previously Trumps Tavern) at 50 King Street, Sydney.

CEO of Merivale Justin Hemmes said, “I’m extremely passionate about this property and really excited about opening something for the local community and Sydney. The Beach Palace has long been a landmark property in Coogee and we have great plans to bring it to life.

“Merivale is committed to investing in great properties and creating fantastic venues across Sydney. We are really excited about the acquisition of 50 King Street and our plans for the site. It follows our recent purchase of the Paddington Arms Hotel, the refurbishment of which will help in the revitalisation of the Oxford Street precinct”.

There are no details available as yet on the new direction for the Coogee Beach Palace but Merivale has confirmed that the Noble Canteen space, set to open in late April, will open as a pop-up live art studio called ‘A Work in Progress’.

The studio will be put together by ex-MCA curator Australia Glenn Barkley and Darwin-based pop artist, Franck Gohier. Franck will work on his art in situ during opening hours.

The bar will serve up traditional Thai street food by talented head chef Air Jantrakool (ex-Sailors Thai). This will be accompanied by a cocktail menu designed by Merivale group bars manager Paul Mant.

The King Street acquisition follows Merivale’s purchase of the Paddington Arms in February. This property is set to re-open later in the year after a refurbishment.