Olivia Newton-John and co-owners of the internationally acclaimed Gaia Retreat and Spa in Byron Bay’s hinterland have put the property on the market.
Located in the lush hinterland 21km south-west of Byron, Collier’s agents Karen Wales and Gus Moors have been appointed to the sale and are expecting a high level of interest.
“The arrival of Hollywood in Byron Bay and global buzz this has created over the past year has fundamentally changed the region forever,” Moors said.
“It has fuelled domestic and international interest in the region’s property market with house prices in Byron Bay surging 36 per cent in 2020 to now rival Sydney's.
“Highly profitable luxury retreats are rarely traded, given the strong combination of excellent cashflow and enviable lifestyle offering.
“The opportunity to secure such a large, tourist-zoned site in the hinterland of Australia’s highest-growth tourism region ... will never be replicated.”
Moors said a high level of interest from hotel investors around the world was expected, as well as private investors with an interest in sustainable, “barefoot” luxury tourism and wellness.
He said the booming Byron region offered buyers a chance to capitalise on “growth trends”.
The property's co-owners include Gregg Cave, Ruth Kalnin, Olivia Newton-John and Warwick Evans. Colliers’ agent Karen Wales said they were wanted to hand the baton to a like-minded buyer who would continue their GROW ethos—gratitude, respect, organic, wellness.
“Atop the highest peak in the shire, Gaia Retreat and Spa is an intimate, globally-recognised boutique lifestyle retreat, offering 22 elegantly appointed rooms, expansive day spa and restaurant, and set on more than 8ha of land,” Wales said.
“The sale also includes two adjoining residential titles across more than 4ha with expansive district views, while the retreat itself offers scope for additional development.”
Wales said the retreat was a “wellness tourism” destination and was easily accessed from Ballina and Gold Coast airports to secure “year-round demand”.
The hotel and spa has won many awards, most recently the Global Chairman’s Award for the Best Global Spa and Wellness Retreat in 2020, and Global Hotel of the Year in 2018 at the World Luxury Hotel Awards.
The property will be offered under an expressions of interest campaign, with no indications of price expectations.