Landmark Byron Bay hotel sold for $80 million
- evelynbrown88
- Jun 30, 2021
- 1 min read
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In what has been described as a "watershed moment" for the coastal destination of Byron Bay, the iconic Great Northern Hotel has been sold in an invitation only sale process for circa $80 million.
The hotel and the adjacent 51 room Lateen Lane Hotel were divested by the Mooney family who have owned and operated 'The Northern' for close to three decades.
Ben McDonald, senior vice president of JLL Hotels who was appointed to facilitate the transaction, says the major sale represents the undeniable strength of the Byron Bay property market.
Read More: https://www.businessnewsaustralia.com/articles/landmark-byron-bay-hotel-sold-for--80-million.html
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