Who bought Byron Bay pub?
Who bought Byron Bay pub? After only two years and a number of unsolicited offers, IIG sold the pub to the investment house Moelis Australia for $100 million.
What did Byron Bay used to be called?
Byron Bay's original inhabitants are the Arakwal people, who are part of the Bundjalung group. The Arakwal called this meeting place 'Cavvanbah', which was the name of the settlement until 1894 when it became Byron Bay.
Why is Byron Bay so expensive?
Byron Bay's soaring popularity as a playground for the rich, famous and sea-changers has pushed its house prices to record levels - and into the $3 million club.
What is the most expensive pub in Australia?
The current titleholder of Australia's most valuable pub is southwest Sydney's Crossroads Hotel, which was bought for $160 million in April. That pub has put its COVID infamy behind it to go on to bigger and better things… Next on the list is the Beach Hotel in Byron Bay – it was sold for $104 million in February 2020.