The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
RetailDinah Lewis BoucherMon 09 Sep 19

Byron Bay ‘Beachie’ Hotel Hits the Market for $100m

TUD+ MEMBER CONTENT
98f022d3-5e79-4ce3-8810-f558b49a76e5
SHARE
7
print
Print

The Beach Hotel in Byron Bay will hit the market with expectations of a $100 million-plus sale.

Melbourne-based Impact Investment Group, which purchased the hotel for $70 million in 2017, will sell Byron Bay’s Beach Hotel in conjunction with long-time Byron residents and operators the van Haandel family.

It’s the second time the hotel is on the market since it was built in the 1990s by John "Strop" Cornell.

IIG purchased the hotel from businessman Max Twigg who paid $44 million for the hotel in 2007.

The business has been operated since 2007 by high-profile Melbourne restauranteurs and hospitality figures John and Lisa van Haandel.

“We’re local, we love Byron Bay, we support the community and we’re excited to bring our vision for the evolution of the Beachie to new owners, with so much scope for business growth,” general manager Elke van Haandel said.

IIGs decision to sell follows its divestment of the Kingsgate Office Tower in Brisbane for $170 million.

Further north, the Ivory Tavern in Tweed Heads has changed hands.


JLL Hotels & Hospitality Group has been appointed to sell the major Byron Bay asset.

The Beach hotel sits with 100 metres frontage to Byron’s Main Beach, and spans a 4,585sq m area, with 25 luxury boutique hotel rooms, swimming pool, a large pub with beer gardens, restaurant, function spaces and bottle shop.

The campaign will be managed by JLL’s national director John Musca, supported by JLL boutique accommodation specialist Tom Gibson and Queensland’s Tom Gleeson.

Musca described the asset as “uniquely Australian” with the national and international expressions of interest campaign to start in October and finish in November.

The popular holiday destination in northern New South Wales last month saw Syrian billionaire Ghassan Aboud’s Australian hotel business Crystalbrook purchase the Byron Bay Resort and Spa from retail mogul Gerry Harvey for $41.7 million.

Further north, the Hurley Hotel Group, led by Peter and Jenny Hurley, paid around $10 million for the two-level waterfront Ivory Tavern in Tweed Heads.

The Ivory Tavern transaction, at 156 Wharf Street spanning 8,830sq m, was managed by HTL Property.

HotelAustraliaReal EstateSector
AUTHOR
Dinah Lewis Boucher
More articles by this author
ADVERTISEMENT
TOP STORIES
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
Qld Budget 2025-26 Brisbane City
Exclusive

Billions Promised, Now Deliver: Industry’s Qld Budget Verdict

Vanessa Croll
6 Min
Medium Density housing in NSW
Exclusive

NSW Budget ‘Groundbreaking’ $1bn Guarantee to Unlock Housing

Leon Della Bosca
7 Min
View All >
Linic Property Group Saunton Jindalee
Residential

Linic Group Moves 43-Unit Jindalee Scheme Ahead

Leon Della Bosca
Lindfield SSD Resi EDM
Residential

North Shore $154m Apartment Play Tests Zoning Limits

Vanessa Croll
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
Smaller private investors and family offices are reshaping the funding landscape, taking on early planning risks for big…
LATEST
Linic Property Group Saunton Jindalee
Residential

Linic Group Moves 43-Unit Jindalee Scheme Ahead

Leon Della Bosca
3 Min
Lindfield SSD Resi EDM
Residential

North Shore $154m Apartment Play Tests Zoning Limits

Vanessa Croll
2 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Residential

National Home Prices End Year on Record High

Lindsay Saunders
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/byron-bay-beachie-hotel-hits-market