Renovate or detonate? That’s a question for Cambridge owner
MORE than a week after The Cambridge Hotel unexpectedly stopped operating, long strips of corrugated iron have been used to board up the doors and windows of the long-standing Rockhampton business.
The building appeared to be deserted yesterday and neighbouring businesses told the Bulletin they remained in the dark over the hotel's future.
Like the Cambridge staff, they too had no warning it was shutting.
Sources claiming to have inside knowledge said they understand the Cambridge will remain closed and eventually be demolished.
Rockhampton Regional Council last week confirmed the owners of The Cambridge Hotel had not lodged any development or building applications for the site with them.
One man who would know what is happening is Rick Pisaturo.
Mr Pisaturo is from RAP Investments, a private company based in Sydney listed as the hotel's owner.
Yesterday The Morning Bulletin spoke to Mr Pisaturo who said he still did not wish to make a comment about the future of the business.
When asked about rumours that the hotel won't re-open and the building will eventually be demolished, he said they were closed for a redevelopment and would be releasing details on that in the future.
When he was pressed on the possibility of demolition, he responded with "I never said that".
He refused to go into any specifics.
There has been widespread public concern over the closure of a number of CBD businesses this year including The Coffee House, which was due to shut its doors yesterday.
About 20 staff lost their jobs when the Cambridge closed.
The award-winning hotel previously took out the covetous Beef Australia Best Steak award for Hotels and Clubs for two years running.