One of Victoria's best-known bayside pubs, the Portsea Hotel, has changed hands.
Colonial Leisure Group which previously owned a majority share in the venue has taken full control, buying a 30 per cent stake from partner Andrew Henderson.
Colonial Leisure, owned by former Computershare founder Chris Morris, controls several other well-known Melbourne drinking holes.
They include The Botanical in South Yarra, Collingwood's Robert Burns Hotel, Lamaro's in South Melbourne, Half Moon in Brighton and Print Hall in Perth.
As part of the new ownership structure, the pub will get a new head chef, menu and wine list before the summer season, the company said in a statement.