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Posted on December 19th, 2020

0m 54s 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. Moelis Australia (ASX:MOE) has entered into an exclusivity agreement to Acquire The Beach Hotel, Byron Bay. “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 quietly ran an independent focus group research with Byron residents and visitors, finding support for its vision of preserving the unique Byron Bay vibe and classic Australian pub culture. Moelis completes $100 million takeover of Byron Bay Beach Hotel 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. We also manage more traditional asset classes, such as cash, bonds and listed equities. The large pub with an adjoining 25 newly appointed luxury hotel rooms has been run by John and Lisa Van Haandel for the past 12 years. The venue was first developed by … Moelis Australia (ASX:MOE) has entered into an exclusivity agreement to Acquire The Beach Hotel, Byron Bay. 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. Co-owner, John van Handeel, said: "There's no place on earth like Byron Bay and we've been privileged enough to own one of the very best businesses in this spiritual eclectic and internationally recognised township for over 10 Beach Hotel in the Australian resort town of Byron Bay has sold for just over A$100 million ($68 million). Byron Bay pub sets a new Australian record as it sells for $100MILLION - after buyer fends off Justin Hemmes and the Laundy family to land winning bid … Moelis Australia controls one of Australia’s largest hotel portfolios, Redcape Hotel Group, and was behind the $100m purchase of the Byron Bay Hotel last year. The financial services company has completed its acquisition of property, uniting the the common ownership of the real estate and operating business for the first time in thirteen years. The Beach Hotel looks set to be acquired by Moelis Australia pending final agreement. 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. An aerial view of the Beach Hotel in Bondi. The Beach Hotel in Byron Bay is an iconic venue. Byron Bay Pub Hotel has been sold to Moelis Australia for 100 million dollars. “The Beach Hotel Byron Bay is an iconic Australian establishment located … The wider DeAngelis family also paid $35 million last week for the Raby Tavern also in Sydney's south west. Moelis Australia has now officially completed the acquisition of the Beach Hotel in Byron Bay, the most expensive pub transaction ever in Australia. Settlement of the purchase successfully completed on 10 February 2020. Investment bank Moelis has settled its purchase of the landmark Beach Hotel in Byron Bay, saying it could follow up the $104m acquisition with more pub buys. Settlement of the purchase successfully completed on 10 February 2020. "The great thing about the pub is its openness and we plan to bring it up to community standards," Mr Brady said. 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. Beach Hotel in Byron Bay sold to Moelis Australia for more than $100 million Jack Needham Nov 18, 2019 The Beach Hotel in Byron Bay is expected to be bought for … More recently he was involved in Moelis emerging as the victor in the race to buy the Byron Bay beach pub. It comes after Moelis entered into deal to buy the property for just over $100 million at the end of last year. Moelis Settles on $104m Byron Bay Beach Hotel ASX-listed asset manager Moelis has settled on Byron Bay’s popular Beach Hotel after acquiring both the freehold and operating interests of … Real Commercial reports that the Beach Hotel in the beachside New South Wales town has been acquired by Moelis for $104 million.. 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 "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 announced it had paid $45 million for Kinselas on Wednesday after spending $22 million for the Courthouse last month. Impact Investment Group decided to sell after fielding "a number of unsolicited approaches" for the pub. Aside from gaming revenues, the pubs are being bought for the underlying land price growth and a rise in patrons coming back to the venues for better quality food and social gatherings. Moelis Australia's Asset Management division manages investments for institutional and wholesale investors across real estate, credit, private equity and venture capital. Kirsten Craze. ... MAHM’s other unlisted fund is the Beach Hotel Byron Bay fund, which was settled at the beginning of the year for $104m. Moelis completes record-breaking pub deal 12 February, 2020 by Vanessa Cavasinni Moelis Australia has now officially completed the acquisition of the Beach Hotel in Byron Bay, the most expensive pub transaction ever in Australia. 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 controls one of Australia’s largest hotel portfolios, Redcape Hotel Group, and was behind the $104m purchase of the Byron Bay Hotel this year. Private equity firm Moelis Australia, which owns the Beach Hotel in Byron Bay, added to its burgeoning pubs stable with the purchase of the well-known Darlinghurst hotel in a deal worth $67 million. Moelis Australia Limited (ASX:MOE) completes the acquisition of the Beach Hotel, Byron Bay for $104 million. 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 … The property was marketed by JLL’s John Musca, Tom Gibson and Tom Gleeson. Byron Bay's iconic Beach Hotel is set to go back to the future under the new owner Moelis Australia. Moelis Australia paid just over $100 million for both the freehold and leasehold of the property in November last year. You must have JavaScript enabled to use this form. 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. "The Beach Hotel Byron Bay is an iconic Australian establishment located on … Investment manager Moelis Australia has entered into a $100 million agreement with Melbourne-based Impact Investment Group to secure the Beach Hotel in Byron Bay. The bank has closed off an unlisted fund for wealthy investors, for which it was seeking to raise $67m and had projected total annual returns of 13 per cent over the next five years. 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 Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate,” Moelis Australia Hotel Management CEO Dan Brady said. 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. Moelis Australia, which is headed by the Sydney Swans chairman Andrew Pridham, will form a single asset fund with the investors to give them the opportunity to invest in the business. 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. 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. 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. SIGN UP FOR THE LATEST NSW REAL ESTATE NEWSLETTER Once Moelis has completed the purchase of the hotel, sophisticated investors will have the opportunity to invest in it. By clicking send message I agree to the terms and conditions, privacy policy and to receive correspondence from The Hotel Conversation and Williams Media. 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. 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. In an ASX statement Moelis Australia Hotel Management CEO Dan Brady said the hotel is an “iconic Australian establishment”. 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. Sydney's lockout laws have led to a shift in buying suburban pubs, as evidenced by the recent sale of the Ingleburn pub in the south west of the city by the Bonnie Hotels group owned by Marc and Meg DeAngelis, on a record 3.4 per cent yield. Moelis Australia (ASX:MOE) to acquire The Beach Hotel, Byron Bay 18 Nov 2019 - Moelis Australia (ASX:MOE) has entered into an agreement to acquire The Beach Hotel, Byron Bay. ", "Longer term plans will see the venue undergo a significant revitalisation program, which will include a new design roll out and enhanced operational features.". The acquisition of both freehold and operating interests will enable the required capital investment to further enhance the hotel. 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. "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. The Beach Hotel Byron Bay, NSW, has sold for the second time in two years. In a trading update this week, Moelis Australia said the acquisition price is slightly above $100 million, excluding transaction costs, and remains subject to finalisation of sale and purchase agreements. Byron Bay floods after receiving heaviest rainfall in almost half a century. 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. "We will talk to the locals as we know we have a big responsibility in keeping with the Bryon vibe.". “The base building has not received the required level of investment over the years due to the split ownership structure," he said. The Beach Hotel is). MOELIS Australia has settled on its $104 million acquisition of the Beach Hotel in Byron Bay and has taken over the venue’s operations. Moelis are now looking at ways in which it can create a reinvigorated hospitality precinct on Taylor Square, and has the backing of the City of Sydney to do so. Moelis Australia controls one of Australia’s largest hotel portfolios, Redcape Hotel Group, and was behind the $104m purchase of the Byron Bay Hotel this year. Australian Hotelier is the monthly magazine for the nation’s pubs and supplier partners. The deal includes the property at 2-10 Bay Street as well as the business, which Real Commercial reports that the Beach Hotel in the beachside New South Wales town has been acquired by Moelis for $104 million. The Courthouse Hotel (background) is on the main part of the Mardi Gras parade route. Moelis announced on Monday the agreement covers the purchase of both the real estate and operating business of the popular hotel, which spans a 4585sq m block on 1 Bay Street. The fund manager will take ownership of the iconic Beach Hotel in Byron Bay, which will sit within its own single asset investment fund. Moelis announced on Monday the agreement covers the purchase of both the real estate and operating business of the popular hotel, which spans a 4585sq m block on 1 Bay Street. SIGN UP FOR THE LATEST NSW REAL ESTATE NEWSLETTER. A landmark Byron Bay hotel has been snapped up by an investment bank. The Beach Hotel is). 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. Moelis Australia Hotel Management officially acquired the popular venue for the cool price of $104 million on Monday. He said Moelis intended to retain the majority of the existing management operations and venue staff. Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald. Chris Hemsworth calls Byron Bay home now, is pictured with Matt Damon attending Bluesfest with their families. Arnold Bloch Leibler played a key role in the sale of a popular Byron Bay property in a deal the firm said broke records. It comes after Moelis entered into deal to buy the property for just over $100 million at the end of last year. 18 Nov 2019 - Moelis Australia (ASX:MOE) has entered into an agreement to acquire The Beach Hotel, Byron Bay. It marks the end of a very busy year for the pub sector with close to $500 million worth of assets changing hands. A landmark Byron Bay hotel has been snapped up by an investment bank. The Beach Hotel on Main Beach in the idyllic northern NSW town was snapped up by investment bank Moelis Australia on Monday. It settled a $104m purchase of the landmark Beach Hotel in Byron Bay in February. "The acquisition of both freehold and operating interests will enable the required capital investment to further enhance what has made the hotel iconic," Mr Brady said. Moelis Australia paid just over $100 million for both the freehold and leasehold of the property in November last year. Byron Bay's iconic Beach Hotel is being sold - the second time the venue has changed hands in two years. 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. 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.. The deal includes both the real estate freehold and operating business of … Byron Bay's iconic Beach Hotel is set to go back to the future under the new owner Moelis Australia. A popular pub in Byron Bay has been sold for a record-breaking $100million. Moelis Australia has reportedly snapped up the waterfront pub for $100 million from previous owners, Melbourne-based company Impact Investment Group. Asset manager Moelis has told the Australian market it is buying The Beach Hotel in Byron Bay for just over $100 million. Mr Brady said management would spend time getting to know the team, community and guests, as well as investing funds to implement operational improvements and crucial maintenance and repair work that is required to the base building. “The Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate ,” … 18 Nov 2019. Moelis… Share; TOPICS. media_camera The Beach Hotel Byron Bay… We also manage more traditional asset classes, such as cash The sale received global interest and has been reported as setting a new record for the biggest pub transaction in Australia. 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 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. The financial services company has completed its acquisition of property, uniting the the common ownership of the real estate and operating business for the first time in thirteen years. 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's Asset Management division manages investments for institutional and wholesale investors across real estate, credit, private equity and venture capital. It has also built up a loyal following during that time, welcoming visitors from all over the globe. 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 Limited (MOE:ASX) exchanged contracts to acquire the Beach Hotel, Byron Bay for $104m on 29 November 2019. NEW owners have taken over at The Beach Hotel in Byron Bay. Moelis Australia Hotel group and the Redcape Hotel group chief executive Dan Brady said the purchase of both the real estate and operating business would reunite the common ownership of the real estate and operating business for the first time since 2007. 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. 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. Investment manager Moelis Australia has entered into a $100 million agreement with Melbourne-based Impact Investment Group to secure the Beach Hotel in Byron Bay. 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. Mr Brady said there will be community consultations and "music will remain an integral part of the pub". “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. Moelis Australia entered an exclusivity agreement to buy the pub and the adjoining Source: Moelis Australia. Overlooking the sparkling waters of Byron Bay’s Main Beach, the Beach Hotel has enjoyed rich and colourful past under the management of several owners, including filmmaker and long-time manager of Paul Hogan, John Cornell, who acquired it in 1990. 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. “The Beach Hotel, Byron Bay is a much-loved local institution and we are privileged to be its new custodians," he said. 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. The Beach Hotel fronts more than 100 metres of Byron’s Main Beach. 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. It was sold through JLL’s hotels and hospitality national director John Musca and supported by JLL boutique accommodation specialist Tom Gibson and Queensland vice-president Tom Gleeson. The iconic venue is known far and wide as 'that pub at the top of the hill' and has been the crown jewel of Bay Street for more than a quarter century. 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. Like us on Facebook to stay up to date with commercial property news: Read More. 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. The firm paid just over $100 million for the iconic hotel on the popular Main Beach. Moelis Australia Limited (MOE:ASX) exchanged contracts to acquire the Beach Hotel, Byron Bay for $104m on 29 November 2019. "The Beach Hotel Byron Bay is an iconic Australian establishment located on irreplaceable real estate," says Brady. The prospective sale is for the combined freehold and leasehold of the hotel. The van Haandel family are long time Byron Bay residents and John and Lisa said they were keen to pass the hotel’s legacy onto the right new owner. The pub will be the seed asset for a new, unlisted and independent fund, to be managed by the Moelis Australia Hotel Management group. 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. 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 HOW COAST COMPANY BUILT 10M-STRONG DATABASE. Moelis entered into deal to buy the property for just over $100 million, Central Auckland's Scene Three Apartments has great growth potential, Maldives welcomes 1.5 millionth tourist of 2019, 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 Beach Hotel: Australian pub record smashed with $100m sale. 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. Andrew has been a director of AFL club the Sydney Swans since 2002 and the Chairman since 2013. Click here for more information about what is on at the Beach Hotel. Moelis Australia was initially a 50:50 joint venture between NYSE listed global investment bank Moelis & Company and its Australian executives. Business Beach Hotel Byron Bay: New owner Moelis Australia vows to turn … There will be a review of the pub with the possibility of some changes to food and beverage options and some capital spending on minor upgrades. The deal includes both the real estate freehold and operating business of the Beach Hotel, Byron Bay. New York-inspired Byron hotel to be listed for sale, Keep the conversation going with The Hotel Conversation via our free newsletter, Keep the conversation going with PubCon via our free newsletter. Moelis Australia Hotel Management CEO Dan Brady said MAHM was committed to honouring the Beach Hotel’s legacy and celebrating its rich past, whilst still having a robust and strategic vision for its future. 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