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 sale comes at a time of strong activity in the pub sector. In Sydney, more than $200 million of properties changed hands in the first week of July. "This is a magical asset like no other nationally or around the world, offering irreplaceable, uniquely Australian licensing and trading approvals, sought-after operating scale and an aspirational lifestyle location that you can safely say can never ever be replicated," Mr Musca said.
Source: News Formal (newsformal.com)
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