John De Baun
John De Baun (1852–1912) was an American-born Australian real estate developer, hotelier and mining investor. Biography. Early life. John de Baun was born on 19 January 1852 in New Jersey. He emigrated to Australia, arriving in Melbourne in the 1880s. Career. He lived and worked in Balranald for six weeks and then moved to Wilcannia, where he worked as a contractor. In 1884 he established the first hotel in Silverton, The Silverton Hotel. De Baun also served as an alderman on the Silverton Council. In the wake of the gold rush in Broken Hill, he built  another successful hotel, The Grand Hotel, in 1888. He also started investing in the Adelaide Stock Exchange and was worth £100,000 at one point, a large sum of money at the time. He also invested in property in Broken Hill and Adelaide. However, in 1892, he lost his fortune due to an economic downturn in the economy of Eastern Australia, and was only worth £5,000. Taking a chance on the gold rush in Coolgardie, Western Australia, he established four businesses in that town and became wealthy again, re-investing his resources in the stock market. He then built  the Great Western Hotel in Coolgardie (now demolished). In 1894 he purchased the Freemason's Hotel, on the corner of St Georges Terrace and William Street, Perth. He then built a new three-storey hotel, the Palace Hotel, designed by architects Porter and Thomas (formerly of Broken Hill), on the site. The Palace Hotel was called "one of the most beautiful and elegant hotels in Australasia" by author Warren Bert Kimberly. In 1896, he purchased the Retreat Inn on the corner of Hay and Milligan Streets, in Perth, and demolished it. On the site he built a new two-storey  hotel, The Melbourne Hotel, designed by architect Peter John Wilson. He also owned many properties in Perth, including most of St Georges Terrace, and mining interests in the Goldfields. Additionally, he owned prospecting rights in Cue. In 1902 De Baun leased the Palace Hotel to John Glowrey, a member of parliament, which allowed him to pursue interests in the Western Australian pearling industry. In December 1908 De Baun lost six ships (one schooner and five luggers) when a cyclone hit the Broome area. Personal life. On 13 September 1899 De Baun married Ada Williams at St George's Cathedral, with  the reception held at the Palace Hotel. Death. De Baun died on 24 December 1911 in Perth, following a blood infection in his leg, which was complicated by his diabetes.