Stu Laundy insists there is no rivalry between him and fellow pub baron Justin Hemmes

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‘Business is business’: Stu Laundy insists there is no rivalry between him and fellow pub baron Justin Hemmes, whom he calls a ‘friend’ – despite their $90 million property war

Stu Laundy and Justin Hemmes are two of Australia’s biggest names in the pub game.

But despite their fierce rivalry when it comes to securing sales, Stu, 47, says he and Justin, 48, are buddies.

“There’s a bit of a discord around a rivalry between Justin and I, but when we see each other, we’re friends and business is business,” Stu said. The Daily Telegraph.

Friends: But despite their fierce rivalry when it comes to securing sales, Stu, 47, says he and Justin, 48, are buddies.  Justin Hemmes is in the picture

Friends: Stu Laundy and Justin Hemmes are two of Australia’s biggest names in the pub game. But despite their fierce rivalry when it comes to securing sales, Stu, 47, says he and Justin, 48, are buddies.

“I’ve said this many times, but if I can isolate a hotel that (Hemmes) hasn’t been involved in yet, I question the salesperson.

“I think, ‘Why don’t you guys have two horses in this race?’ I mean, we both have big checkbooks,’ he added.

In March, neither Justin nor his pub baron rival Stu Laundy could offer enough money to secure the Bangalow Hotel, which is 14km inland from Byron Bay.

rivals?

rivals? “There’s a bit of abuse surrounding a rivalry between Justin and I, but when we see each other we’re friends and business is business,” Stu told The Daily Telegraph.

He added:

He added: “I’ve said this many times, but if I can isolate a hotel that (Hemmes) hasn’t been involved yet, I question the seller. I think, “Why don’t you guys have two horses in this race?” I mean, we both have big checkbooks,” he added

The rivals became embroiled in a bidding war over the 60-year-old pub, owned by NRL star Tom Mooney and wife Cathryn.

The highest bid reached a whopping $50 million.

Laundy and Hemmes also reportedly watched The Pacific Hotel in March. according to The Herald Sun.

At war: The pub barons were reportedly engaged in a bidding war for the 60-year-old Bangalow Hotel (pictured) currently owned by NRL star Tom Mooney and wife Cathryn, with bids as high as $50 million

At war: The pub barons were reportedly engaged in a bidding war for the 60-year-old Bangalow Hotel (pictured) currently owned by NRL star Tom Mooney and wife Cathryn, with bids as high as $50 million

Still up for grabs?  Laundy and Hemmes also reportedly watched The Pacific Hotel, according to The Herald Sun last month

Still up for grabs? Laundy and Hemmes also reportedly watched The Pacific Hotel, according to The Herald Sun last month

However, it is unclear whether that ownership was part of the Bangalow Hotel negotiations or whether the Pacific Hotel is still on the table.

It wasn’t the first time Laundy and Hemmes had been embroiled in a bidding war as the pair recently battled over Chris Hemsworth’s local watering hole, The Lennox Hotel in nearby Lennox Head.

Bachelorette star Stu, in partnership with hotelier Fraser Short, bought The Lennox Hotel with an offer of nearly $40 million.

Updated: It wasn't the first time Laundy and Hemmes have been embroiled in a bidding war as the pair recently fought over Chris Hemsworth's local watering hole The Lennox Hotel in nearby Lennox Head

Updated: It wasn’t the first time Laundy and Hemmes have been embroiled in a bidding war as the pair recently fought over Chris Hemsworth’s local watering hole The Lennox Hotel in nearby Lennox Head

Celebrity Hotspot: The venue is frequented by A-list visitors and locals, actors and Byron Bay natives Liam (left) and Chris Hemsworth (right).  In the picture with brother Luke

Celebrity Hotspot: The venue is frequented by A-list visitors and locals, actors and Byron Bay natives Liam (left) and Chris Hemsworth (right). In the picture with brother Luke

Last August, Laundy and Fraser confirmed that they had also purchased Byron Bay’s trendy venue The Farm for $16 million.

Laundy, who appeared on Channel 10’s The Bachelorette in 2017, has a share of his family’s $500 million fortune.

Meanwhile, Hemmes and his family’s empire is believed to be worth about $1.06 billion.

His property portfolio includes the Beresford Hotel in Surry Hills, which he bought in 2010, the Queen Victoria Hotel in Enmore in 2015 and Bondi’s Royal Hotel in 2017.

Loaded: Laundy, who appeared on Channel 10 in 2017's The Bachelorette (pictured) has a share of his family's $500 million fortune

Loaded: Laundy, who appeared on Channel 10 in 2017’s The Bachelorette (pictured) has a share of his family’s $500 million fortune

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