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Re:

Bree Maddox Became Sole Owner of The Court Hotel After a $10 Million-Plus Settlement

PerthNow reported in 2016 that Bree Maddox became sole owner of The Court Hotel after a settlement worth more than $10 million with Malcolm Day. A later conditional sale agreement does not confirm who owns the venue today.
From TheFinanceBase Team2 min to read
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PerthNow reported on 12 June 2016 that Bree Maddox became the sole owner of The Court Hotel after a settlement worth more than $10 million with her former husband, Malcolm Day. The report said company documents showed Day had ceased to be a director and shareholder by March 2016. The settlement instrument itself was not cited in the report, so its precise terms are not established by the available account.

What PerthNow reported about the settlement

In its 12 June 2016 report, PerthNow said Maddox became sole owner of The Court Hotel following a settlement with Day valued at more than $10 million. The article described the amount as the settlement value; it did not say the sum was paid entirely in cash or provide an itemized breakdown. PerthNow

PerthNow also said company documents showed Day had been removed as a director in March 2016 and was no longer a shareholder. The report cited those documents but did not link to the underlying records.

The reported financial figures

The same report placed the settlement in the context of the former co-owners’ investment in the venue and a property retained by Maddox:

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  • 2005 purchase: Maddox and Day reportedly paid $4.15 million for The Court Hotel.
  • Renovations: The report put renovation spending by the former co-owners at about $3 million.
  • City Beach home: Maddox reportedly retained a home valued at $2 million in connection with the settlement. The report does not clarify whether that value was included in, or additional to, the settlement figure.
  • Settlement: PerthNow described the settlement as worth more than $10 million, without stating its composition.

These are figures as reported by PerthNow in 2016, not an independently itemized accounting of the parties’ assets or payments.

What the 2023 acquisition reports establish

On 14 September 2023, OUTinPerth and Business News reported that Australian Venue Co had entered a conditional agreement to acquire The Court. OUTinPerth said Maddox would become an advisor after the acquisition completed. Those reports establish that an agreement was announced, but the available accounts do not confirm that the transaction subsequently closed. OUTinPerth Business News

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Who owns The Court Hotel now?

The cited reporting supports the historical account that Maddox became sole owner in 2016, followed by a conditional Australian Venue Co acquisition agreement reported in 2023. It does not verify completion of that acquisition or establish the venue’s current legal owner. A current ownership claim would require a more recent, authoritative record or confirmation of the transaction’s completion.

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