Publican Stan Pappas entered into contracts to acquire freehold and business of the Waterworks Hotel from Lantern Hotel Group (ASX:LTN) for AUD 17.2 million on December 6, 2016. The transaction is expected to be completed in February 2017. Publican Stan Pappas completed the acquisition of the Waterworks Hotel from Lantern Hotel Group (ASX:LTN) on February 10, 2017.