moelis byron bay

Pub tycoon Justin Hemmes, the Laundy family and another large private investor, who declined to be named, were reported to have shown interest in the hotel. Moelis & Company: Byron's iconic Beach Hotel to change hands for $100 million Anyone who has ever set foot in Byron Bay will know the Beach Hotel. "The Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate," says Brady. It has also built up a loyal following during that time, welcoming visitors from all over the globe. "We have a clear and exciting vision for the hotel - one that places the local community firmly at its core - and are committed to ensuring that the Beach Hotel continues to enrich the lives of those around it for many years to come.”, Moelis Australia Hotel Management CEO Dan Brady. 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. Moelis Australia has officially completed its acquisition of the Beach Hotel, Byron Bay, which will reunite the common ownership of the real estate and operating business for the first time in thirteen years. Television personality John "Strop" Cornell developed the iconic Beach Hotel in the heart of the popular seaside resort on the NSW Northern coast in the 1990s and its owners, a consortium backed by Melbourne's Liberman family, bought it for $70 million in 2017. Like us on Facebook to stay up to date with commercial property news: Read More. "The Beach Hotel Byron Bay is an iconic Australian establishment located on … Moelis Australia has officially completed its acquisition of the Beach Hotel, Byron Bay, which will reunite the common ownership of the real estate and operating business for the first time in thirteen years.. Acquisition of both the real estate freehold and the operating business will enable Moelis Australia to make continued investments into the future of one of Australia’s most iconic venues. Moelis Australia’s Acquisition of Byron Bay Beach Hotel March 2, 2020 March 2, 2020 Michael Patrini Arnold Bloch Leibler has advised Impact Investment Group (IIG) and the van Haandel family on the $100+ million sale of the iconic Byron Bay Beach Hotel to Moelis Australia. Real Commercial reports that the Beach Hotel in the beachside New South Wales town has been acquired by Moelis for $104 million. Once the sale is completed, management will be run by the Moelis Hotel group, which is also the overall manager of the listed Redcape Hotel group. Impact Investment Group decided to sell after fielding "a number of unsolicited approaches" for the pub. The Beach Hotel is). Moelis Australia, which is directed by Sydney Swans chairman Andrew Pridham, is paying Melbourne-based Impact Investment Group (IIG) – a real estate investment vehicle of the wealthy Liberman family – just over $100 million for Byron Bay’s landmark Beach Hotel. ", "Longer term plans will see the venue undergo a significant revitalisation program, which will include a new design roll out and enhanced operational features.". Investment manager Moelis Australia has emerged the victor in the race to buy the Byron Bay beach pub, paying just over $100 million for the iconic hotel on the popular Main Beach. The Beach Hotel looks set to be acquired by Moelis Australia pending final agreement. Moelis… Fund manager Moelis Australia has entered into an exclusive agreement to pay just over $100 million for the freehold and going concern of The Beach Hotel in Byron Bay, just over the Queensland border. Asset manager Moelis is buying the Beach Hotel in Byron Bay for over $100 million; This is the second time in three years the beach front hotel has been on the market, in 2017 the property was bought for $70 million; Moelis Australia currently has $4.7 billion funds under management It marks the end of a very busy year for the pub sector with close to $500 million worth of assets changing hands. It comes after Moelis entered into deal to buy the property for just over $100 million at the end of last year. Moelis Australia has completed its acquisition of the Beach Hotel in Byron Bay after announcing it had entered into an agreement for the property at the end of last year. Chris Hemsworth calls Byron Bay home now, is pictured with Matt Damon attending Bluesfest with their families. The business-focused firm advised Impact Investment Group (IIG) and the van Haandel family on the sale of the Byron Bay Beach Hotel to Moelis Australia. Picture: Instagram @bluesfestbyronbay Picture: Instagram @bluesfestbyronbay Although hospitality and restaurant personalities, John and Lisa van Haandel, have been running the property since 2007, Impact had bought into the 25-room boutique hotel, retail suites … In October Mr Hemmes ­diversified his hotel empire with the purchase of one of Sydney’s biggest gaming pubs, the Allawah Hotel, in Sydney’s south west, for about $34 million. “It’s really important to Lisa and I that the incoming party respects the townships needs and invests in the property and the many exciting new business initiatives and ideas that are available,” said patriarch John van Haandel. Moelis Australia paid just over $100 million for both the freehold and leasehold of the property in November last year. Moelis Australia, which is directed by Sydney Swans chairman Andrew Pridham, is paying Melbourne-based Impact Investment Group (IIG) – a real estate investment vehicle of the wealthy Liberman family – just over $100 million for Byron Bay’s landmark Beach Hotel.. Once Moelis has completed the purchase of the hotel, sophisticated investors will have the opportunity to invest in it. “The Beach Hotel is one of Australia’s iconic community and entertainment venues occupying a large parcel of land adjacent to Main Beach, Byron Bay. Settlement of the purchase successfully completed on 10 February 2020. Moelis Hotel Management CEO Dan Brady says the acquisition is a coup for his company and, following the sale, most of the existing management and venue staff will remain on the payroll. “The Beach Hotel, Byron Bay is a much-loved local institution and we are privileged to be its new custodians," he said. Byron Bay's iconic Beach Hotel is set to go back to the future under the new owner Moelis Australia. It settled a $104m purchase of the landmark Beach Hotel in Byron Bay in February. SIGN UP FOR THE LATEST NSW REAL ESTATE NEWSLETTER. You must have JavaScript enabled to use this form. The four acquisitions take total Moelis hotel investments for the year to more than $260 million after it exchanged contracts in February to buy the … Moelis Australia's Asset Management division manages investments for institutional and wholesale investors across real estate, credit, private equity and venture capital. Famous Byron Bay pub set to be sold again for $100 million An astonishing price has been agreed for a famous Byron Bay pub, which is set to be sold for the second time in as many years. Beach Hotel in the Australian resort town of Byron Bay has sold for just over A$100 million ($68 million). Moelis Australia Hotel group and the Redcape Hotel group chief executive Dan Brady said the company intended to retain the majority of the existing management operations and venue staff. The acquisition of both freehold and operating interests will enable the required capital investment to further enhance the hotel. The Beach Hotel fronts more than 100 metres of Byron’s Main Beach. The wider DeAngelis family also paid $35 million last week for the Raby Tavern also in Sydney's south west. Settlement of the purchase successfully completed on 10 February 2020. In an ASX statement Moelis Australia Hotel Management CEO Dan Brady said the hotel is an “iconic Australian establishment”. The sale received global interest and has been reported as setting a new record for the biggest pub transaction in Australia. “The Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate,” Moelis Australia Hotel Management CEO Dan Brady said. Source: Moelis Australia. The property was marketed by JLL’s John Musca, Tom Gibson and Tom Gleeson. An aerial view of the Beach Hotel in Bondi. Byron Bay beach pub snapped up by Moelis for $100m November 18, 2019 Investment manager Moelis Australia has emerged the victor in the race to buy the Byron Bay Beach pub, paying just over $100 million for the iconic hotel on the popular Main Beach. Moelis Australia has reportedly snapped up the waterfront pub for $100 million from previous owners, Melbourne-based company Impact Investment Group. "We are well capitalised to give the property this required future investment to enhance the offer and elevate the experience for customers ensuring this iconic venue once again leads in this great community and on an international level. Moelis Australia completes acquisition of the Beach Hotel, Byron Bay 11 February, 2020 Moelis Australia Limited (MOE:ASX) exchanged contracts to acquire the Beach Hotel, Byron Bay for $104m on 29 November 2019. 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