Holiday home buyers who have long gravitated to Queenstown’s alpine setting are increasingly looking for low-maintenance apartments that allow them to lock up and leave, while still generating income when they’re away.

For Wendy, who had spent years visiting the Queenstown and Arrowtown region, <a href="https://www.apartments.com.au/developers/safari-group">Safari Group</a>’s Mountain Oak Apartments provided the opportunity to formalise what had previously been a recurring holiday pattern.

“We always had Queenstown in the back of our minds to buy something there as a holiday home,” she says. “We love the Queenstown and Arrowtown area.”

<img alt="From slopes to markets: Mountain Oak connects residents to the best of Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/658d4f_48c3ec1ae5df4a2cab7d23c07c7f51b3~mv2.jpg?VersionId=27K8oQ4ExDN8Yu70VHDa9Olq59XU36m3" />

Time spent visiting her sister-in-law, who owns in Arrowtown, along with regular stays at Millbrook Resort, had already shaped a strong personal connection to the region.&nbsp;

Rather than approaching the purchase purely as an investment play, Wendy’s starting point was lifestyle.

“We were more thinking about ourselves and where we could stay, and then the rental aspect was second.”

Mountain Oak Apartments, located within the masterplanned Remarkables Park precinct in Frankton, aligned with that thinking. The ability to secure the apartment with a deposit and settle on completion made the timing work.

“The fact that we could put a deposit down with the balance on completion was a bonus for us,” she explains.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/313_Livingv2_WEB.jpg?VersionId=nV229fM0ZeYpoxOrX372HyGjfwY_LR8c" />

Wendy selected a two-bedroom, two-bathroom penthouse, a configuration that supports both private use and guest flexibility.

“The two-bedroom, two-bathroom configuration appealed from both a rental viewpoint and for the ability to have friends stay while we are there,” she says.

Across the development, two-bedroom apartments range from 64sqm to 78sqm, with two-bedroom plus flexi options from 71sqm to 75sqm, each with an allocated car park. The flexi layouts introduce an additional space suited to work or hobbies, reflecting demand from buyers who split their time between leisure and remote work.

Apartments include underfloor heating in bathrooms, heat pumps to living areas, and joinery positioned to maximise natural light and mountain outlooks. The Remarkables Park precinct is known for its extended winter sunshine hours, water frontage and open views toward The Remarkables.&nbsp;

Units come in light and dark interior colour schemes.

<img alt="Mountain Oak Apartments draws holiday home buyers to Queenstown" data-entity-type="file" data-entity-uuid="fd685a22-3b95-43a1-87cb-48fdd42bb4ba" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/658d4f_f9f89107c2704ebbbe5a6b36da508cb3~mv2.jpg?VersionId=MigFIEm6b.mrANANwxSmwHvC4RdJUuyR" />

While lifestyle was the primary driver, the fundamentals of the Queenstown market added reassurance.&nbsp;

“Proximity to the airport and tourism being the main attraction all year round,” Wendy says, when asked what stood out from an investment perspective.

Mountain Oak sits just eight kilometres from Queenstown’s CBD and around a two-minute drive from Queenstown Airport.&nbsp;

For Wendy, that airport proximity carries practical value.

“The airport proximity is a bonus, we think that being so close will be an attraction for the convenience side.”

Residents are also a short drive from Coronet Peak, Jack’s Point Golf Course, New World Supermarket, Five Mile Shopping Centre, and the dining, medical, gym, cinema and library amenities within the town centre, as well as the seasonal Remarkables Market.

Importantly, the purchase does not lock owners into a single use. Mountain Oak offers the flexibility to opt for short-term visitor accommodation or longer-term residential rental management, with 365-day visitor accommodation consent in place. Owners can utilise Safari Group’s 24/7 on-site management service or appoint their own provider, and do not need to decide on a strategy immediately.

“It was a bonus that we can rent it out as well as use it for ourselves,” she says.

Additional buying options, including furniture packages and storage units available for purchase within the building, further support a lock-and-leave model suited to interstate and overseas owners.

<img alt="Safari Group’s Mountain Oak Apartments brings new investment potential to Queenstown" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_auto/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Ext_Cam15_Sunny.jpg?VersionId=SJAROUM_1s.Tr5ciMk4EEj5oAt_Vewmv" />

Mountain Oak Apartments comprises 141 residences, ranging from one-bedroom configurations through to larger apartments and penthouses. One-bedroom apartments are currently priced from NZ$639,000, with three-bedroom options from NZ$1,299,000.

With 365-day visitor accommodation consent, the development is structured to respond to Queenstown’s established four-season tourism economy, spanning winter ski traffic and summer hiking, cycling, golf and lake-based activity.

Although Wendy acknowledges the strength of rental demand, her approach remains long term.

“We’re not planning to sell it anytime soon, so we are keen to hang on to it, but the passive income will be a bonus.”

Confidence in the developer also influenced her decision. Before proceeding, Wendy sought feedback within the local building community.

“We asked around and Safari Group had a good reputation,” she says.

Safari Group has delivered more than 2,000 hotel units and residential apartments across over 18 developments nationwide, with more than 25 years’ experience in the sector.

With completion anticipated by mid-2027, Mountain Oak is attracting a cross-section of buyers, from yield-focused investors to lifestyle purchasers seeking a foothold in one of New Zealand’s most tightly held alpine markets.

For Wendy, it represents both a future holiday base and a long-term asset within Queenstown’s year-round tourism economy.

Joel Robinson

How Mountain Oak Apartments draws holiday home buyers to Queenstown

Eduard Litver's Capitel Group is seeking to redevelop Chatswood's Mandarin Centre in the heart of the burgeoning suburb.

Capitel Group, in a joint venture with Metis Group, has filed a State Significant Development Application (SSDA) to demolish the Mandarin Centre and construct a 32-storey tower designed by Skidmore, Owings &amp; Merrill (SOM) with 325 apartments.

The 3,524 sqm site at 61A-65 Albert Avenue will also home extensive retail amenity, both at street-level and across a four-level podium.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="905976ea-08cd-409f-8a4c-33a3fb8bf351" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923441002.png?VersionId=f_xI2ejpxQvEm4fPqGji01RY9_AWVY6O" />

In its early stage Design Report submitted to the NSW Government's Housing Delivery Authority, SOM describes the ambition for the project as one that “aims to revitalise and reactivate an important corner of the Chatswood CBD.”

The architects note that the existing shopping centre “has a lack of vertical connection between its five levels of retail and a cumbersome pedestrian access from the street to the second-level transit connection,” framing the redevelopment as an opportunity to reconfigure circulation and better integrate with surrounding transport infrastructure.

The design adopts a single tower configuration, shaped through early testing to respond to neighbouring buildings and key public spaces.

Retail activation is concentrated at ground and lower podium levels, with a focus on food and beverage, lifestyle and wellness tenancies. The intent is to create a more permeable ground plane and improve connections between Albert Avenue, Victor Street and the Chatswood transport interchange, located within walking distance of the site.

<img alt="First look: Metis and Capitel unveil $1.2bn+ plan to redevelop Chatswood’s Mandarin Centre" data-entity-type="file" data-entity-uuid="b1e0c8cb-ee9b-41c1-97ac-0455c043b9e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/1771923442914.png?VersionId=y.Kbo.9bzLIbOabeygYts8Uf9imI.Dqh" />

The site occupies a prominent position on the southern edge of the Chatswood CBD core, bounded by Albert Avenue and Victor Street. It sits near the rail and metro interchange and within close proximity to Chatswood Chase, Westfield Chatswood, Chatswood Oval and a range of commercial office towers and residential buildings.

Chatswood has been one, and continues to be, of the most popular suburbs for developers in recent years. The most recent tower to launch is Hyecorp's Celine on Archer Street, which followed The Anderson by Changfa and Huirong.

Soon to launch is Coronation's Archer &amp; Albert nearby the new proposal.

Chatswood boom continues with Capitel and Metis’s $1.2 billion Mandarin Centre redevelopment

Apartment development applications continue to tally up in Rose Bay following the NSW Gov's 2025 update to the Low and Mid-Rise Housing Policy.

&nbsp;

Some $200 million worth of developments were filed in the space of four weeks at the back end of last year, with the likes of Fyve, HSN, Luxcon and Fortis all seeking to creating new apartment buildings.

The latest plans are for an amalgamated 3,105 sqm site across Conway Avenue, Fernleigh Avenue, and Carlisle Street. Developer Mathieson Property is planning <a href="https://www.apartments.com.au/new-apartments/dian-2-6-conway-avenue-rose-bay-nsw-2029">Dian</a>, 70 apartments across a new eight-storey building, perched on a ridgeline within walking distance of Rose Bay Town Centre.

The State Significant Development Application (SSDA), includes one-, two-, three- and four-bedroom configurations. Over 15 per cent will be dedicated as affordable, as per the NSW Government's push for affordable housing. The 17 apartments will be managed by a community housing provider for 15 years following completion of the building.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="f99c21d9-e69d-4a23-ae35-3244cfa0b4ae" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20site_0.png?VersionId=67KSZfecJ3fvn1ewo9xxKrneRT.Nsjwd" />

MHNDU has designed the building around three central cores, with lower-level apartments arranged to maximise corner balconies and cross-ventilation. Upper levels are configured with dual north–south aspects to capture harbour views and solar access.

Private open space is a key feature of the scheme, with generous balconies and terraces throughout. Five ground-floor apartments would include private pools, while one upper-level residence will feature a rooftop terrace and pool. A communal room and adjoining landscaped outdoor terraces provide shared open space for residents.

<img alt="First Look: Mathieson Property unveils eight-storey infill housing proposal ‘Dian’ in Rose Bay" data-entity-type="file" data-entity-uuid="dd2e275f-c270-4eb1-9a02-2b573b8eb540" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Rose%20Bay%20front_0.png?VersionId=Us5jNEG6iLFLLMfQSzVBVdILYobBj.g9" />

The site sits around 365 metres walking distance of Rose Bay Town Centre and around 312 metres from regular bus services on New South Head Road, meeting the accessible area criteria under the Housing SEPP.

In early 2025, the NSW Government implemented significant changes to its Low and Mid-Rise Housing Policy, altering planning controls to allow greater density for new apartment projects within an 800-metre walking distance of stations and town centres in the&nbsp;<a href="https://www.apartments.com.au/developments/woollahra-nsw-2025">Woollahra</a>&nbsp;Local Government Area, overriding existing local controls. Buildings are now permitted to rise up to six storeys within 400 metres of a station or centre, or eight storeys where affordable housing is incorporated, and up to four storeys within the 401 to 800 metre radius, which can increase to six storeys with affordable housing.

Mathieson Property unveils Dian Rose Bay apartment development

Lower North Shore developer <a href="https://www.apartments.com.au/developers/hyecorp-property-group">Hyecorp</a> is preparing to launch <a href="https://www.apartments.com.au/new-apartments/celine-chatswood-37-archer-street-chatswood-nsw-2067">Celine</a>, its new apartment development in Chatswood.

Set within a blue ribbon location on Archer Street, Celine will rise on a quiet, tree-lined enclave on the edge of the South Chatswood Heritage Conservation Area, a short walk from the connectivity which Chatswood is famous for.

Celine will deliver 122 one, two, three, and four-bedroom residences, designed to accommodate a broad range of buyers, from owner-occupiers to investors.

[smartcode_project:default project_id=149594 project_image_fid=362610]

Designed by&nbsp;<a href="https://www.apartments.com.au/architects/fuse-architecture-0">Fuse Architects</a>, the 29-storey tower has been shaped to respond to its Archer Street setting, with a defined podium and slender upper levels.&nbsp;

The building incorporates a two-storey residential lobby at the corner, double-height retail fronting Bertram Street, food and beverage tenancies along a through-site link, and two levels of commercial office space.&nbsp;

A landscaped pedestrian connection between Archer and Bertram streets will provide a publicly accessible link through the site, extending activity at ground level beyond the building footprint.

[smartcode_project:default project_id=149594 project_image_fid=362606]

Inside, Hyecorp is emphasising scale and flexibility. Most residences will incorporate multipurpose rooms, allowing buyers to configure additional living, study or guest space within their floorplan.&nbsp;

Kitchens have been designed with proportions more commonly associated with standalone homes, complemented by Gaggenau and Miele appliances, integrated refrigeration, Miele laundry appliances, Taj Mahal stone and bronze tapware.&nbsp;

Buyers will also have the option to tailor aspects of their home through the developer’s “Live Your Way” personalisation service.

Resident amenity will include an outdoor pool, gym and sauna, as well as barbecue and lounge areas designed for shared use. Upper levels are oriented to capture eastern outlooks towards the Sydney CBD and surrounding greenery.

[smartcode_project:default project_id=149594 project_image_fid=362633]

The location places future residents within 800 metres of Chatswood Interchange, providing access to metro and rail services, and within walking distance of Westfield, Chatswood Chase and the Chatswood Concourse. Parks including Chatswood Park and Beauchamp Park are nearby, along with a cluster of schools and private hospitals.

Celine continues Hyecorp’s focus on the Lower North Shore. The Australian, family-owned developer has been operating locally for more than 30 years, with recent projects including Audrey in St Leonards, now nearing completion, and Juliet in Roseville. With registrations expected to open soon, Celine represents the group’s latest addition to the Chatswood apartment market.

[smartcode_project_cta:default project_id=149594]

Hyecorp unveils Celine, a striking new apartment tower in the heart of Chatswood

International development company <a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> has kicked off construction of the $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a>, one of the highest value developments to get underway on the Gold Coast in more than a decade.

Located on a 1.15ha site stretching from Surfers Paradise Boulevard to Ferny Avenue, Paradiso Place, when completed, will deliver 845 residences across three residential towers. &nbsp;

Paradiso Place has been several years in planning by SPG, which has now pushed the green light on construction to meet pent-up demand from investors and owner occupiers.

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185858]

The move follows minor amendments to the original design to cater to buyer demand, including the provision of more premium residential amenity, including private dining, lounge and events spaces for residents to entertain guests.

The three towers, comprising 41, 40 and 44 levels, will bring to the market 845 apartments with each tower boasting its own podium level interconnected skybridge to create a unique elevated ‘beachside village’ for residents.

[smartcode_project:default project_id=106566 project_image_fid=362500]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed development will bring a broad range of residences to the market, most offering ocean views and all enjoying five-star hotel amenities with world-class facilities and the convenience ground level retail precinct.

&nbsp;

Construction of Paradiso Place has been made possible by SPG’s newly established SPG Built division partnered with experienced project management group Eastview Australia, a company that has supported the development of a raft of major projects on the Gold Coast over the past two decades.

[smartcode_project:default project_id=106566 project_image_fid=362499]

“It’s a very exciting time for Paradiso Place as we start construction,” said SPG Land Chairman David Wang.

“We have spent our energy refreshing design and assembling the best team and waiting for what we believe is the right time to start construction on one of the most exciting mixed-use developments to proceed on the Gold Coast since Oracle in Broadbeach and Circle on Cavill in Surfers Paradise. &nbsp;

“The local and interstate downsizer market is getting stronger, and we see Paradiso Place as the right project for our times right now. Our company has the capacity to deliver large-scale projects, and we are thrilled to be bringing this vision to reality.”

&nbsp;

[smartcode_project:default project_id=106566 project_image_fid=185861]

SPG Invest, a company founded in Australia in 1998 with a focus on high-end real estate and premium hospitality assets, has delivered 56 projects in the Asia-Pacific region over the past twenty-five years, including The Peninsula Hotel Shanghai and the Global 188 twin-tower project in Suzhou and Cambridge Residences at Robina.

Paradiso Place will deliver a range of new apartments with two-, three- and four-bedroom layouts, as well as a collection of sub-penthouse and penthouse apartments across three levels. Prices start from $950,000.

[smartcode_project:default project_id=106566 project_image_fid=185852]

“We have a very strong vision for Paradiso Place – we are creating a unique beachside residential community where contemporary design &amp; architecture and luxury materials combine with five star residents’ amenities and the convenience of a premium retail precinct on the ground floor”, said SPG Land CEO Dr Ying Rao&nbsp;

“We are confident that the community will recognise that this is more than just another development. Paradiso Place will bring a much-needed retail precinct and lifestyle hub to northern Surfers Paradise with premium retail, lifestyle and food and beverage options,” Said Dr Rao&nbsp;

“The retail precinct is critical to enhancing the lifestyle amenity for residents and guests, so SPG will retain control of this precinct to curate a premium retail offering that will support this thriving new community.

“SPG will also retain short-term holiday letting to control premium and luxury outcomes in line with our vision.”

Construction of Stage 1 Paradiso Place is expected to be completed by end of 2029.

[smartcode_project_cta:default project_id=106566]

Construction commences on $1.5 billion Paradiso Place development in Surfers Paradise

Hotel Sale

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One of Perth’s oldest hotel venues - The Vic Hotel in Subiaco – has been offered for sale with vacant possession.
CBRE Hotels’ Ryan McGinnity and Aaron Desange have been appointed to sell the hotel, which was first opened in 1898.   
After taking over the hotel operations in mid-2019, the freehold owners updated equipment, revitalised the premises and created renewed interest in the venue with the addition of Rocky Ridge Brewing - all with the medium-term goal of selling the venue.
The venue, which is located on approximately 2,000sqm of land and includes 54 onsite car parking bays, last underwent substantial renovations in the 1980s and has since been operated by the likes of Black Toms and the ALH Group.
CBRE’s Ryan McGinnity said Subiaco was earmarked for a major transformation over the coming years, which would significantly benefit local businesses.
“As part of the Subi east development, the demolition of Subiaco Oval has been completed, Bob Hawke Highschool is already planning a student expansion and the demolition on PMH is underway.   Once completed Subi East along with One Subiaco will be home to residential, commercial and retail activity which will transform Subiaco” Mr McGinnity said.
“The Vic Hotel has been part of the fabric of Subiaco for more than 120 years and we expect the opportunity of a ‘blank canvas’ hotel will appeal to many.
"This is the chance to reposition this hotel for the next 20 years and capitalise on the many new residents of Subiaco in coming months and years.”
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Subiaco's Vic Hotel listed for sale with vacant possession

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The Harbord Beach Hotel in Freshwater on Sydney's Northern Beaches has changed hands for the first time in 42 years.
It was bought by Northern Beaches local Glenn Piper, who said it is undoubtedly one of Sydney's greatest pubs.
"I’m so proud to be part of the Northern Beaches community and honoured to help usher this incredible venue into the next phase of its rich and colourful history," Piper said.
“Harbord Beach Hotel has always been a haven that encapsulates Freshwater’s soul and spirit”. 
“It is so much more than a pub; it is an extension of the community, informed by the surf culture that has long been embedded within the name, and we are committed to taking our time and doing it justice”. 
Piper (pictured right), who spent his career in the property industry, has teamed up with a local syndicate of local investors and fellow Northern Beaches resident Lachlan Cottee (pictured left) to buy the hotel, which is set to be refurbished once plans are in place.
They're set to refurbish the kitchen and courtyard area. The building and its facade is heritage-listed.
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The venue was built in 1928 and sits just 100 metres from Freshwater Beach.
Leading hotelier John Thorpe and Trish King bought the property in 1978.
Sean King, son of John and Trish, who has been the general manager of the hotel for the past two decades, he is looking forward to enjoying the pub as a regular.
"My brothers, sister and I were raised in this pub and I have lived opposite for the past 25 years; it is a very special property that means so much to my family and the local community", King said.
"After meeting Glenn, we recognised that he not only has the energy and enthusiasm to bring new life to the venue, but importantly a genuine love for the area that will ensure this local pub remains a local.
"I am very much looking forward to enjoying it as a regular and watch it evolve under Glenn's care and ownership". 
Main article image picture source: Harbord Beach Hotel.
 
 
 
 
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jrobinson-rf4aSBido9

Freshwater's Harbord Beach Hotel sells for first time in over four decades

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The Southern Railway Hotel in Goulburn has sold for $3.6 million to the same syndicate that recently bought the nearby Empire Hotel.
There two recent transactions account for a third of the six pubs in Goulburn which has a population of nearly 30,000.
The Southern Railway Hotel at <a href="https://www.realcommercial.com.au/sold/property-southern-railway-hotel-188-sloane-street-goulburn-nsw-2580-503355490" target="_blank">118 Sloane Street</a>, across the road from Goulburn train station, was established in 1872 as Clifford's Hotel and was renamed the Railway Hotel in 1876.
It later was known as the Great Southern Railway Hotel before becoming the Coolavin Hotel which is still etched on the top of the building's facade.
The hotel has an annual revenue of $2.37 million from its 18 accomodation rooms and downstairs bar and bistro.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/11/26/Southern%20Railway%20Hotel%20Goulburn%202.jpg" alt="">
There's nine EGM's, including three outdoor machines.
It was the first time the property sold in 34 years.
It had been owner operated by Jude Bourne since 2003. She bought it in 1985.
HTL Property’s Sam Handy and Blake Edwards handled the marketing.
 
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Goulburn's Southern Railway Hotel sells for $3.6 million

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Investment giant Moelis have entered in to an exclusivity agreement to buy The Beach Hotel in Byron Bay.
They're set to pay just over $100 million.
Moelis Australia, headed by the Sydney Swans chairman Andrew Pridham, will establish a single asset fund following the agreement, with investors to be given the opportunity to invest in the business.
If the transaction proceeds, 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.
Moelis Australia Hotel Management CEO Dan Brady called The Beach Hotel Byron Bay an "iconic Australian establishment located on irreplaceable real estate."
"The acquisition of both freehold and operating interests will enable the required capital investment to further enhance what has made the hotel iconic - that is, a great community gathering place with a fun, sociable, friendly and safe hospitality offering delivered by an engage and passionate team of local hospitality professionals," Brady said.
Moelis already own several hotels, but The Beach Hotel Byron Bay will be operated separately. 
Moelis manages ASX listed Redcape Hotel Group and a single asset fund which owns the Grand Hotel in Rockdale.
It was just the second time The ‘Beachie’, as it is often referred to, was offered to the market since it was built in the 1990s by long-time local John 'Strop' Cornell.
<img src="https://www.urban.com.au/images/2019/11/18/Byron%20Bay%20Beach%20Hotel%202.jpeg" alt="">
The business was sold by the Melbourne-based Impact Investment Group, a joint venture between the Liberman and van Haandel families.
The oceanside pub was sold by Impact Investment Group, which owned the freehold, and Melbourne restaurateurs and hospitality figures John and Lisa van Haandel, who owned the business side.
Melbourne restauranteurs and hospitality figures John and Lisa van Haandel have operated the property since 2007. 
It was offloaded by Cornell for $44 million. It last traded for $68.2 million just last year.
Located with over 100 metres frontage overlooking Byron’s Main Beach, the hotel spans a 4,585 sqm area and includes 25 newly-appointed luxury boutique hotel rooms and swimming pool.
It also features a large pub with extensive beer gardens, restaurant, function spaces and bottle shop.
JLL’s national director John Musca, boutique accommodation specialist Tom Gibson secured the sale and JLL's Queensland Vice-President Tom Gleeson secured the sale.
 
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Moelis buys Byron Bay's The Beach Hotel for just over $100 million

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Billionaire hotelier Justin Hemmes is further diversifying his portfolio.
Quiet in the local Sydney pub scene for a while, Hemmes has acquired the Allawah Hotel, one of Sydney's biggest gaming pubs near Hurstville.
The Australian reports he has paid around $34 million.
The hotel was first listed this time two years ago by the White family, with price expectations of more than $30 million.
The Feros family's JDA Hotels arm bought The Allawah Hotel in 2007 before selling it to the White's for $28 million.
Hemmes, who offloaded the <a href="/expert-insights/investing/justin-hemmes-sells-longtime-potts-point-retail-building-pre-auction">family's oldest asset in Potts Point earlier this year,</a> only has two other reported purchases in 2019.
Last month he quietly paid $4,872,500 for Rozelle's 3 Weeds pub.
He plans to open a new Totti's Italian restaurant in part of the property, according to The Australian.
In April he spent <a href="/news/billionaire-hotelier-justin-hemmes-buys-7-5-million-dover-heights-home-for-ex-partner">$7.5 million on a home in Dover Heights</a> for his ex-partner Kate Fowler.
Late last year Hemmes bought <a href="/news/hotelier-justin-hemmes-buys-office-block-redevelopment-next-to-his-ivy-nightclub">the office block next to his Ivy nightclub</a> with grand $1.5 billion redevelopment plans in the pipeline.
 
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Justin Hemmes buys The Allawah Hotel in Sydney's south west

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Manly’s Hotel Steyne has been sold.
Sydney's popular northern beaches pub has been bought by Iris Capital founder Sam Arnaout whose said he was "delighted" to have bought the pub.
"We intend to get a good feel for the asset and work with the locals to return their pub to its former glory," Mr Arnaout said.
It was listed for sale in February.
Arnaout said the Steyne positioned Iris Capital as a "genuine hospitality leader in this part of the world, and complements our macro coastal investment strategy in respect of similar landmark projects such as Newcastle's $700 million East End development".
The Steyne will boost Iris Capital's portfolio to 20 pubs across Sydney, including the Grand Hotel, Bondi Junction; Golden Tiger, Hurstville; Gaslight Inn, Darlinghurst and Peden's Hotel in Cessnock.
Iris Capital beat out other contenders by paying between $60 and $80 million for the iconic pub.
Nine Entertainment suggest it was $65 million.
HTL Property would not be drawn on the sale price, however described it as a “record price” in their official statement.
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The Manly Daily reported the shortlist of five, included two international buyers, two from Sydney and one from interstate.
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It was reduced to a final two.  
The landmark and multi-level beachfront hotel, spread across approximately 2000sqm, was offered by a consortium that comprised businessman John Singleton, hotelier Arthur Laundy and investors Robert Whyte and Mark Carnegie.
They paid about $30 million for the property in 2010, and have reportedly spent about $5 million.
Speaking to the Manly Daily, Mr Laundy said that he was happy with the outcome, both from a sale price perspective and the new buyer.
He said he had bought and sold more than 90 hotels in his almost 60 years as a publican, and Hotel Steyne would easily be in his top 10.
 
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Sam Arnaout buys Manly's Hotel Steyne

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Public House Management Group (PHMG), CEO and founder Mitchell Waugh has sold the Woollahra Hotel and Bistro Moncur.
It has been bought by other members of the Waugh hotelier family headed by his brother Ashton.
An Australian Financial Review report that the Ryan family had paid $50 million was not the case 
Mitchell Waugh and wife Harriet will be stepping away from the Woollahra venues next month to focus on the rest of their portfolio.
Mitchell Waugh has been at the helm of Bistro Moncur and the Woollahra Hotel since the Waugh family purchased the venues in 2015.
Waugh will retain his position at the head of PHMG, owning in entirety the Royal Hotel Paddington, the Marrickville Ritz and The Toxteth.
The reopening of the Toxteth Hotel in Glebe last August followed an extensive six-month refurbishment of the interiors, exterior and an overhaul of the food and beverage offering.
Affectionately known as ‘The Tocky,’ the venue was purchased by PHMG for $22 million-dollars in February 2017 from Geoff Dixon and John Singleton’s Riversdale Group.
“Saying goodbye to Bistro Moncur is bitter-sweet for us, this was our first venture in the restaurant business, and we have thoroughly enjoyed growing in this space," Mitchell said.
"We took some great learnings from restaurant ambassadors Guillaume Brahimi and Damien Pignolet and there is a vision to increase the food offering of the group in the near future."
The Woollahra Hotel, one of the eastern suburbs' iconic celebratory watering holes, has been regarded as one the jewels of the Sydney pub market, having been associated over past decades with the likes of Alan Bond and even Abe Saffron.
It was a depressed market back in 2011 when the White family sold the hotel with rival interest reportedly came from Leon Fink and John Singleton.
On its purchase from the White family, its co-owner Damien Pignolet's services were briefly retained as executive chef at Bistro Moncur.
The rumoured $30 million acquisition in 2015 of The Woollahra by Public House Management Group - fronted by brothers Mitchell &amp; Ashton Waugh - followed other recent acquisitions.
PHMG is now focused on a complete renovation of The Royal Paddington, which Micthell says will involve a “complete overhaul.
Waugh sat down with the Wentworth Courier to reveal he had offloaded his share to two other investors who were part of the original purchase. 
“It feels like a new chapter for me.
"All family companies have problems when they go generational, they come to a point where different personalities, kids, might be the second or third generation, they have to go their own way so I’m very proud that we’ve been able to find a way to do it amicably and move on.
"But now I have my two daughters, who are very stubborn, very strong willed and I need to start thinking about them and establishing.”
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Waugh family reshuffle with Woollahra Hotel ownership

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CBRE Hotels has sold Travelodge Rockhampton to a private Chinese investment group.
The acquisition is the group's first foray into the Queensland hotel market.
The 4-star Rockhampton CBD hotel at 86 Victoria Parade features 74 rooms, as well as four conference and meeting rooms, two food and beverage venues, a swimming pool, gymnasium and parking.
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The asset received multiple offers in the first week of the campaign.
CBRE Hotels said a stock shortage is helping to draw buyer attention to Queensland opportunities as investors are priced out of southern markets. Investors are seeking to capitalise on the Sunshine State’s strong tourism fundamentals and more transactions are expected to take place along the Queensland coast throughout 2019, they noted.
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Travelodge in Rockhampton sold to private Chinese investment group

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A syndicate of five former students from St Joseph's, Hunters Hill has bought the Lady Hampshire Hotel at Camperdown.
The buyers are cellar master, Greg Parker, Chris Traill, former chief concierge of Sydney’s Park Hyatt, Matthew Comensoli, Andrew Rigney and David Vaughan.
They were at the school in the early to mid 1990s.
“From boarding school to the boardroom this group of mates has enjoyed consistent results, with the Lady Hampshire the next chapter to be written in this success story," Parker told the pub website, pubtic.com.au.
The Parramatta Road hotel was sold by hotelier Paddy Coughlan.
Coughlan intends concentrating on his new beverage enterprise, Frank Strongs.
Coughlan retains the Lord Gladstone and Botany View Hotel.
Camperdown’s Hampshire Hotel was reopened in 2016 by Coughlan’s Bourke St group, then rebranded the Lady Hampshire to complement nearby sister venue the Lord Gladstone.
Manenti Quinlan’s Nick Butler brokered the introduction of The Lady to the former St Joseph’s students.
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Paddy Coughlan sells the Lady Hampshire Hotel, Camperdown to Joey's syndicate

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The Bellevue Hotel in Paddington has been bought by Royal Hotels, which is owned and operated by the highly regarded Malouf family.
Vendors for the sale of the Bellevue Hotel, WDS Hotels, had conducted an extensive renovation shortly following its acquisition of the popular hotel in 2014.
“We’ve enjoyed a successful four years of ownership at this great hotel, and following complete renovation and repositioning, formed a decision to focus on our existing portfolio which includes the Fortune of War Hotel, and in doing so to recycle the capital into another opportunity we’re considering,” commented WDS director Steven Speed to The Hotel Conversation.
Paddington, as a hospitality precinct, has proven popular with investors.
Andrew Jolliffe of HTL Property would not confirm the sale price paid.
The Pubtic website suggested around $6.5 million.
Built 1880, the elegant two-storey Bellevue sits on the corner of Hargrave Street and Windsor Lane.
It has gone through a succession of name owners, including John Singleton and Geoff Dixon’s Australian Pub Fund, with operations by Riversdale.
They subsequently sold it to Speed, and partner Peter Walker, in early 2014.
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