JLL Hotels & Hospitality Group was appointed to manage the process, which drew more than 100 enquiries from around the globe and numerous bids. Moelis Australia Hotel Management CEO Dan Brady said the hotel was an "iconic" Australian establishment. The fund also confirmed that it intends to embark on a capital improvements program at the property. 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. Prices are calculated as of 23/11/2020 based on a check-in date of 06/12/2020. 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. You must have JavaScript enabled to use this form. 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. Iconic Beach Hotel in Byron Bay Sold for $70m . 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. 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. The prospective sale is for the combined freehold and leasehold of the hotel. 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. 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. Beach Hotel in the Australian resort town of Byron Bay has sold for just over A$100 million ($68 million). The freehold last changed hands in 2017 with funds manager Impact Investment Group purchasing the buildings for $70 million. The pub & hotel establishment is one of Byron Bay’s most iconic waterfront properties and was recently snapped up for $70 million AUD. From AU$199 per night on Tripadvisor: Beach Hotel Byron Bay, Byron Bay. 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. A landmark Byron Bay hotel has been snapped up by an investment bank. The venue will be managed by Moelis Australia Hotel Management. 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 prospective sale is for the combined freehold and leasehold of the hotel. Four bidders were shortlisted following the conclusion of the campaign last week, with Moelis the preferred bidder. The deal is expected to be finalised within the next two weeks. 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 shops, restaurants, cafes and bars of Byron Bay town centre are on the doorstep of Beach Suites Byron Bay. View the latest property sold prices and auction results in Byron Bay with realestate.com.au. Moelis confirmed that it intended to retain “the majority of the existing management operations and venue staff” in its ASX update. 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. Byron Bay’s iconic Beach Hotel is being sold – the second time the venue has changed hands in two years. 5719 sold properties in Byron Bay, NSW 2481. The Beach Hotel at Byron Bay. Overlooking Byron Bay’s Main Beach, these stylish boutique apartments and studios offer secure car parking and free WiFi. 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”. 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