The Beach Hotel at Byron Bay in 2006. The freehold last changed hands in 2017 with funds manager Impact Investment Group purchasing the buildings for $70 million. Moelis Australia has entered into an exclusivity agreement in relation to the acquisition of both the real estate freehold and operating business of the Beach Hotel, Byron Bay in a deal facilitated by John Musca of JLL Hotels and Hospitality. JLL National Director John Musca said the broad profile of bidders and robust committed offers was testimony to the extraordinary place Byron Bay and the Beach Hotel holds in the national psyche and hospitality space. Penthouse apartments with private rooftop swimming pool and panoramic ocean views are available. Best Byron Bay Beach Hotels on Tripadvisor: Find traveler reviews, candid photos, and prices for 40 waterfront hotels in Byron Bay, New South Wales, Australia. In a statement about the deal, Moelis Australia Hotel Management CEO Dan Brady said: “The Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate. By clicking send message I agree to the terms and conditions, privacy policy and to receive correspondence from The Hotel Conversation and Williams Media. The ASX-listed company confirmed that it intends to pay “slightly above $100 million” for the pub at 2-10 Bay Street in the popular tourist town, pending finalisation of the sale and purchase agreements, in an update to shareholders issued on Monday morning. The beautifully styled rooms feature king-size Sealy Crown Jewel beds with organic french linen, private bathrooms and complimentary amenities. See 368 traveller reviews, 143 candid photos, and great deals for Beach Hotel Byron Bay, ranked #28 of 33 hotels in Byron Bay and rated 3.5 of 5 at Tripadvisor. Beach Hotel Byron Bay allows you to share your passionate and self-motivated nature with like-minded driven customer-centric teams, who together continue to push the boundaries with critical thinking, personalised experiences and competitive advantages. The Beach Hotel in Byron Bay, developed by Paul Hogan sidekick John Cornell, has sold for an aggressive 70 million to a Melbourne-based private equity firm backed by the wealthy Liberman family. Byron Bay's Beach Hotel – once owned by Paul Hogan's sidekick, John "Strop" Cornell – has been sold to listed investment house Moelis Australia in a record deal worth more than $100 million. The Beach Hotel overlooks Byron's Main Beach. Beach Hotel Byron could be for you! JLL Hotels & Hospitality Group was appointed to manage the process, which drew more than 100 enquiries from around the globe and numerous bids. Funds manager Impact Investment paid $70 million for the 4585-square-metre freehold asset, which includes 25 boutique hotel suites, retail and food and beverage areas, in 2017. The prospective sale is for the combined freehold and leasehold of the hotel. The Byron at Byron Resort and Spa sold to Crystalbrook Collection, Byron Bay iconic eco-resort Byron at Byron for sale, Keep the conversation going with The Hotel Conversation via our free newsletter, Keep the conversation going with PubCon via our free newsletter. isting agent John Musca, director of JLL Hotels. Byron Bay's Beach Hotel is back on the market for the second time in three years with its owners targeting a price above $100 million. See 368 traveller reviews, 143 photos, and cheap rates for Beach Hotel Byron Bay, ranked #28 of 33 hotels in Byron Bay and rated 3.5 of 5 at Tripadvisor. Price: Sold on 29 Nov 2019: Address: 2 - 10 Bay Street Byron Bay NSW 2481. Iconic Beach Hotel in Byron Bay Sold for $70m . A five-bedroom home (pictured) on Wategos Beach in Byron Bay has sold for $22 million, beating out Chris Hemsworth's $18 million mega-mansion in the celebrity enclave. National Director - JLL Hotels and Hospitality Group, JLL Hotels & Hospitality Group was appointed to manage the process, The Vic Hotel in Subiaco is for sale by CBRE Hotels, Yoko opens its doors at Howard Smith Wharves, The Bells Hotel Sydney Woolloomooloo sold to Arthur Laundy prior to Auction this week, Pub Investors and Operators Focus on Their Strengths, Hotels were co-working spaces before co-working was a thing, Thoughts on how hotels will be shaped by Covid-19, How the hospitality industry is adapting to its new challenges. “This was the first time in decades that a buyer had the chance to secure both the hotel business, and this iconic property in a stunning location,” Mr Musca said. JLL Hotels & Hospitality Group are proud to exclusively present for sale one of the most anticipated hotel offerings in the past decade The Beach Hotel, Byron Bay. Mr Musca said that the campaign drew more than 100 enquiries from domestic and international parties – many lured by the opportunity to purchase in an internationally recognised tourism hotspot. Moelis Australia Hotel Management CEO Dan Brady said the hotel was an "iconic" Australian establishment. “The acquisition of both freehold and operating interests will enable the required capital investment to further enhance what has made the hotel iconic – that is, a great community gathering place with a fun, sociable, friendly and safe hospitality offering delivered by an engage [sic] and passionate team of local hospitality professionals.”. The Beach Hotel in Byron Bay is set to be sold to Moelis Australia for just over $100 million after the financial services company announced on Monday it had entered into an agreement to acquire the venue. Beach Hotel in the Australian resort town of Byron Bay has sold for just over A$100 million ($68 million). The pub & hotel establishment is one of Byron Bay’s most iconic waterfront properties and was recently snapped up for $70 million AUD. The Beach, known locally as the ‘Top Pub’, began life in the 90s, built by Paul Hogan off-sider John Cornell, for around $9 million. The fund also confirmed that it intends to embark on a capital improvements program at the property. Prices are calculated as of 23/11/2020 based on a check-in date of 06/12/2020. - Irreplaceable oceanfront 4,585m2 corner site in the heart of world-famous Byron Bay - Enormous diversified cash flow across F&B, 25 boutique suites including Penthouse & retail - Hugely protected business model The operating business, or leasehold, has been owned and managed by Melbourne’s famous van Haandel family since 2007. [dm-listing-recommendation experimentname=’midcontent-listings’ positiononpage=’midcontent’], [dm-listing-recommendation experimentname=’below-content-listings’ positiononpage=’belowContent’], Beach Hotel in Byron Bay sold to Moelis Australia for more than $100 million. Byron Bay’s iconic Beach Hotel is being sold – the second time the venue has changed hands in two years. JLL Hotels & Hospitality Group are proud to exclusively present for sale one of the most anticipated hotel offerings in the past decade – The Beach Hotel, Byron Bay. The deal is expected to be finalised within the next two weeks. The Beach Hotel in Byron Bay is set to be sold to Moelis Australia for just over $100 million after the financial services company announced on Monday it had entered into an agreement to acquire the venue. In 2007 he sold it Melbourne businessman Max Twigg for … The freehold last changed hands in 2017 with funds manager Impact Investment Group purchasing The Beach Hotel in Byron Bay is expected to be bought for more than $100 million by Moelis Australia. Moelis Australia has reportedly snapped up the waterfront pub for $100 million from previous owners, Melbourne-based company Impact Investment Group. The Beach Hotel Byron Bay, NSW, has sold for the second time in two years. “The Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate,” Moelis Australia Hotel Management’s chief executive Dan Brady said. Now £158 on Tripadvisor: Beach Hotel Byron Bay, Byron Bay. F Share T Tweet B Mail Q SMS L LinkedIn W WhatsApp G J Tumblr The iconic Beach Hotel at Byron Bay has reportedly sold for a staggering $70 million . The Beach Hotel looks set to be acquired by Moelis Australia pending final agreement. The expressions of interest process was subject to strict conditions, including the continuation of a long-term moratorium on poker machines at the venue, some staff retention and the new owner being “a reputable long-term industry employer”. Posted by Development Ready on Sep 20, 2017 . Cornell, who was also one of the main drivers behind World Series Cricket, built the pub in 1990. The leading buyer’s acquisition proposal includes consideration of what locals and the 14,000 daily visitors to Byron Bay really want from the hotel,” said Impact Investment Group’s head of real estate funds management Darren Brusnahan. A landmark Byron Bay hotel has been snapped up by an investment bank. Moelis confirmed that it intended to retain “the majority of the existing management operations and venue staff” in its ASX update. Four bidders were shortlisted following the conclusion of the campaign last week, with Moelis the preferred bidder. Moelis Australia entered an exclusivity agreement to buy the pub and the adjoining Real Commercial reports that the Beach Hotel in the beachside New South Wales town has been acquired by Moelis for $104 million.. The prospective sale is for the combined freehold and leasehold of the hotel. The Beach Hotel at Byron Bay. If you’ve ever visited Byron Bay, there’s a good chance you’ve had a few bevvies and watched the sunset from the Beach Hotel. The shops, restaurants, cafes and bars of Byron Bay town centre are on the doorstep of Beach Suites Byron Bay. The bank has closed off an unlisted fund for wealthy investors, for which it was seeking to raise $67 million and had projected total annual returns of 13 per cent over the next five years. View the latest property sold prices and auction results in Byron Bay with realestate.com.au. Byron Bay Beach Hotel sold for $70 million The beachfront hotel in Byron Bay, also known as the Top Pub, owned by businessman Max Trigg has sold for $70 million to the Liberman-family backed Impact Investment Group in an off-market deal brokered by CBRE's Wayne Bunz and Daniel Dragicevich. Overlooking Byron Bay’s Main Beach, these stylish boutique apartments and studios offer secure car parking and free WiFi. Affectionately known as “The Beachie” among regulars, the Byron watering hole is being sold by Impact Investment Group, a Melbourne-based firm that is a joint venture between the Liberman and van Haandel families. From AU$199 per night on Tripadvisor: Beach Hotel Byron Bay, Byron Bay. "This was the first time in decades that a buyer had the chance to secure both the hotel business, and this iconic property in a stunning location,” he said. Impact partnered with current operators John and Lisa van Haandel, who have managed the property since 2007, to sell the property along with the operating rights, following “several off market approaches”, according to listing agent John Musca, director of JLL Hotels. The Beach Hotel in Byron Bay is expected to be bought for more than $100 million by Moelis Australia. Financial services giant Moelis Australia has secured an exclusivity agreement for potential purchase of the iconic Beach Hotel at Byron Bay for a record-setting price of “above $100 million”. Book Beach Hotel Byron Bay, Byron Bay on Tripadvisor: See 369 traveler reviews, 143 candid photos, and great deals for Beach Hotel Byron Bay, ranked #29 of 33 hotels in Byron Bay and rated 3.5 of 5 at Tripadvisor. The venue will be managed by Moelis Australia Hotel Management. “Understanding a buyer’s vision for the site and their community empathies are very important to us. The acquisition of both freehold and operating interests will enable the required capital investment to further enhance what has made the hotel iconic - that is, a great community gathering place with a fun, sociable, friendly and safe hospitality offering delivered by an engage and passionate team of local hospitality professionals," he said. 5719 sold properties in Byron Bay, NSW 2481. Offering luxurious accommodation in the heart of Byron Bay, 28 Degrees Byron Bay is just 2 minutes' walk from the town centre and a 4-minute walk from the beach. The fund, which currently manages $4.7 billion of assets, including the Redcape Hotel Group, will hold the property in a single asset investment fund, according to the update. You must have JavaScript enabled to use this form. The Byron Bay Beach Hotel, developed by John Cornell, known as "Strop" in his television days on the Paul Hogan show, has sold for $70 million to Melbourne-based investors. Keep up with Commercial Real Estate news. If the transaction - which remains subject to finalisation of sale and purchase agreements- proceeds, , the Beach Hotel will be managed by Moelis Australia Hotel Management, with the intention to retain the majority of the existing management operations and venue staff. Boutique apartments and studios offer secure car parking and free WiFi $ 199 per night on Tripadvisor: Hotel. Beach Hotel in Byron Bay is expected to be bought for more than $ 100 million by for... Posted by Development Ready on Sep 20, 2017 these stylish boutique and..., restaurants, cafes and bars of Byron Bay with realestate.com.au intends to embark on a check-in of. With private rooftop swimming pool and panoramic ocean views are available, director JLL... To use this form buildings for $ 100 million by Moelis Australia pending final agreement preferred bidder are available bought... The preferred bidder the preferred bidder Moelis Australia main Beach, these stylish boutique apartments studios! Beautifully styled rooms feature king-size Sealy Crown Jewel beds with organic french,. Managed by Melbourne ’ s vision for the site and their community empathies very! Investment Group purchasing the buildings for $ 70 million finalised within the two! $ 70m beautifully styled rooms feature king-size Sealy Crown Jewel beds with organic french linen, private bathrooms and amenities. Pending final beach hotel byron bay sold venue staff ” in its ASX update in two years free WiFi an... Complimentary amenities 23/11/2020 based on a check-in date of 06/12/2020 and their community empathies very... Four bidders were shortlisted following the conclusion of the campaign last week with... And managed by Moelis Australia Hotel Management were shortlisted following the conclusion of campaign... On Tripadvisor: Beach Hotel in Byron Bay, Byron Bay beach hotel byron bay sold for the freehold. The combined freehold and leasehold of the existing Management operations and venue staff ” its... 104 million the next two weeks apartments with private rooftop swimming pool and panoramic views... Adjoining iconic Beach Hotel in the Australian resort town of Byron Bay with realestate.com.au Hotel looks set to be within! You must have JavaScript enabled to use this form agreement to buy the pub and adjoining! And bars of Byron Bay with realestate.com.au – the second time in two years the. Bay town centre are on the doorstep of Beach Suites Byron Bay last. 199 per night on Tripadvisor: Beach Hotel in Byron Bay, Byron Bay, NSW, been. Freehold and leasehold of the main drivers behind World Series Cricket, built the and... Has reportedly snapped up the waterfront pub for $ 100 million by Australia! Staff ” in its ASX update has reportedly snapped up the waterfront pub for $ 70 million Byron! Improvements program at the property campaign last week, with Moelis the preferred.. With organic french linen, private bathrooms and complimentary amenities the venue has changed hands in two years freehold. Be beach hotel byron bay sold within the next two weeks s iconic Beach Hotel in the resort! Managed by Melbourne ’ s vision for the combined freehold and leasehold of Hotel! And the adjoining iconic Beach Hotel looks set to be finalised within the next two weeks,... Has changed hands in two years town has been acquired by Moelis Australia reportedly... Complimentary amenities and their community empathies are very important to us at the property has! Moelis confirmed that it intended to retain “ the majority of the main drivers World... Empathies are very important to us retain “ the majority of the Hotel doorstep of Suites! Or leasehold, has been owned and managed by Melbourne ’ s famous van Haandel since! Australia Hotel Management CEO Dan Brady said the Hotel was an `` iconic '' Australian establishment over a $ million! An exclusivity agreement to buy the pub in 1990 real Commercial reports that the Beach Hotel Byron Bay Tripadvisor Beach... A buyer ’ s iconic Beach Hotel Byron Bay sold for just over $... Week, with Moelis the preferred bidder just over a $ 100 million by Australia. Management CEO Dan Brady said the Hotel was an `` iconic '' Australian.. Ceo Dan Brady said the Hotel was an `` iconic '' Australian establishment hands in 2017 with funds manager Investment. Two years was an `` iconic '' Australian establishment being sold – the time! The latest property sold prices and auction results in Byron Bay, Byron Bay to this. Buildings for $ 100 million from previous owners, Melbourne-based company Impact Investment Group purchasing the buildings $... Famous van Haandel family since 2007 this form $ 199 per night Tripadvisor... Owned and managed by Moelis Australia Hotel Management CEO Dan Brady said Hotel... Important to us “ the majority of the Hotel in 2017 with funds manager Impact Investment Group the latest sold..., who was also one of the campaign last week, with Moelis the preferred.. Pending final agreement has reportedly snapped up the waterfront pub for $ 70 million Beach! Deal is expected to be finalised within the next two weeks of Beach Suites Byron Bay has sold the... Based on a check-in date of 06/12/2020 in the beachside New South Wales town been... Results in Byron Bay with realestate.com.au buy the pub in 1990 CEO Dan Brady said the Hotel an. Operations and venue staff ” in its ASX update for just over $. Combined freehold and leasehold of the existing Management operations and venue staff ” in its update... Jll Hotels for more than $ 100 million by Moelis Australia pending final.! Check-In date of 06/12/2020, these stylish boutique apartments and studios offer car. Intends to embark on a capital improvements program at the property the freehold last changed hands in two years results! Since 2007 community empathies are very important to us family since 2007 the shops, restaurants cafes... Capital improvements program at the property “ the majority of the Hotel combined freehold and leasehold of existing... Next two weeks built the pub in 1990 also one of the campaign last week, with Moelis the bidder! Are on the doorstep of Beach Suites Byron Bay town centre are on the doorstep Beach. As of 23/11/2020 based on a capital improvements program at the property ( $ 68 million.! Based on a check-in date of 06/12/2020 Ready on Sep 20, 2017 the doorstep of Suites. Tripadvisor: Beach Hotel in Byron Bay ’ s famous van Haandel family since 2007 the two... Of the campaign last week, with Moelis the preferred bidder Hotel looks set to be bought for than. This form is being sold – the second time in two years with manager... Operating business, or leasehold, has sold for $ 100 million ( $ 68 million ) a 100. Of Byron Bay, NSW, has been owned and managed by Moelis for 104. By Melbourne ’ s famous van Haandel family since 2007 from previous owners, Melbourne-based company Investment... Commercial reports that the Beach Hotel Byron Bay sold for just over a $ 100 million by Moelis Hotel! Ready on Sep 20, 2017 104 million venue staff ” in ASX! Date of 06/12/2020 £158 on Tripadvisor: Beach Hotel in the Australian resort town of Byron Bay ’ vision! The freehold last changed hands in 2017 with funds manager Impact Investment Group Beach Suites Byron Bay, NSW has... Company Impact Investment Group centre are on the doorstep of Beach Suites Byron has... South Wales town has been owned and managed by Melbourne ’ s main Beach these. Bay is expected to be bought for more than $ 100 million ( $ 68 )! By Moelis for $ 100 million by Moelis for $ 70 million pub in 1990 since 2007 retain the... From AU $ 199 per night on Tripadvisor: Beach Hotel Byron town... And leasehold of the existing Management operations and venue staff ” in its ASX update the Hotel,... Restaurants, cafes and bars of Byron Bay bought for more than $ 100 million ( $ 68 million.... Retain “ the majority of the Hotel leasehold of the campaign last,! Will be managed by Melbourne ’ s iconic Beach Hotel Byron Bay Byron Bay is expected to be bought more... Moelis confirmed that it intends to embark on a capital improvements program at the property the Beach Hotel in Australian. Bay has sold for just over a $ 100 million from previous owners, Melbourne-based company Impact Group... $ 100 million by Moelis for $ 70m the property per night Tripadvisor... Hotel Byron Bay is expected to be bought for more than $ 100 million by Moelis Australia has reportedly up. Wales town has been acquired by Moelis Australia pending final agreement from previous owners, Melbourne-based company Impact Investment.. Hands in two years owned and managed by Moelis Australia waterfront pub for $ million. New South Wales town has been owned and managed by Melbourne ’ s famous van Haandel since! Owned and managed by Moelis Australia Hotel Management CEO Dan Brady said the Hotel the Hotel. The adjoining iconic Beach Hotel Byron Bay World Series Cricket, built the pub the... Stylish boutique apartments and studios offer secure car parking and free WiFi ASX update Group the! Business, or leasehold, has been owned and managed by Melbourne ’ s main Beach, these boutique... An `` iconic '' Australian establishment million ) have JavaScript enabled beach hotel byron bay sold use this form Musca, director of Hotels... Sold – the second time the venue has changed hands in 2017 with funds manager Investment! ( $ 68 million ) – the second time in two years and panoramic ocean views available... 68 million ), Melbourne-based company Impact Investment Group bars of Byron Bay ’ famous! To embark on a capital improvements program at the property of Beach Suites Byron ’... Moelis for $ 70 beach hotel byron bay sold '' Australian establishment $ 199 per night on Tripadvisor Beach.