The prospective sale is for the combined freehold and leasehold of the hotel. Moelis Australia Hotel Management CEO Dan Brady said the hotel was an "iconic" Australian establishment. JLL Hotels & Hospitality Group was appointed to manage the process, which drew more than 100 enquiries from around the globe and numerous bids. [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. 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. Beach Hotel in the Australian resort town of Byron Bay has sold for just over A$100 million ($68 million). Byron Bay’s iconic Beach Hotel is being sold – the second time the venue has changed hands in two years. A landmark Byron Bay hotel has been snapped up by an investment bank. Keep up with Commercial Real Estate news. The deal is expected to be finalised within the next two weeks. “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. 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. The Beach Hotel at Byron Bay. 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. 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. 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. The Beach Hotel in Byron Bay is expected to be bought for more than $100 million by Moelis Australia. Cornell, who was also one of the main drivers behind World Series Cricket, built the pub in 1990. isting agent John Musca, director of JLL Hotels. Iconic Beach Hotel in Byron Bay Sold for $70m . The Beach Hotel looks set to be acquired by Moelis Australia pending final agreement. Moelis confirmed that it intended to retain “the majority of the existing management operations and venue staff” in its ASX update. The fund also confirmed that it intends to embark on a capital improvements program at the property. 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. 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 freehold last changed hands in 2017 with funds manager Impact Investment Group purchasing Moelis Australia has reportedly snapped up the waterfront pub for $100 million from previous owners, Melbourne-based company Impact Investment Group. 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. 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. The prospective sale is for the combined freehold and leasehold of the hotel. 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. “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 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. Posted by Development Ready on Sep 20, 2017 . 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. The pub & hotel establishment is one of Byron Bay’s most iconic waterfront properties and was recently snapped up for $70 million AUD. 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 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. In 2007 he sold it Melbourne businessman Max Twigg for … The Beach Hotel at Byron Bay in 2006. 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 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. Beach Hotel Byron could be for you! 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. 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. Real Commercial reports that the Beach Hotel in the beachside New South Wales town has been acquired by Moelis for $104 million.. Now £158 on Tripadvisor: Beach Hotel Byron Bay, Byron Bay. 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. 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”. 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”. 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. "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. The shops, restaurants, cafes and bars of Byron Bay town centre are on the doorstep of Beach Suites Byron Bay. 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. 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. 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. 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. 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. 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 Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate,” Moelis Australia Hotel Management’s chief executive Dan Brady said. The beautifully styled rooms feature king-size Sealy Crown Jewel beds with organic french linen, private bathrooms and complimentary amenities. Penthouse apartments with private rooftop swimming pool and panoramic ocean views are available. The venue will be managed by Moelis Australia Hotel Management. The Beach Hotel in Byron Bay is expected to be bought for more than $100 million by Moelis Australia. 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. You must have JavaScript enabled to use this form. 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 Beach Hotel overlooks Byron's Main Beach. 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. View the latest property sold prices and auction results in Byron Bay with realestate.com.au. “Understanding a buyer’s vision for the site and their community empathies are very important to us. 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. From AU$199 per night on Tripadvisor: Beach Hotel Byron Bay, Byron Bay. Price: Sold on 29 Nov 2019: Address: 2 - 10 Bay Street Byron Bay NSW 2481. - 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 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 . 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 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. The freehold last changed hands in 2017 with funds manager Impact Investment Group purchasing the buildings for $70 million. Prices are calculated as of 23/11/2020 based on a check-in date of 06/12/2020. 5719 sold properties in Byron Bay, NSW 2481. Overlooking Byron Bay’s Main Beach, these stylish boutique apartments and studios offer secure car parking and free WiFi. 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. 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