In a continuation to the theme of irreplaceable coastal properties changing hands of late, a local Byron Bay business operation has spread its wings in order to acquire the remarkable beachfront hotel at the world renowned surf spot, Lennox Head.
The Lennox Hotel, owned for in excess of a decade by the private Campbell & Lister families, has discreetly changed hands for an undisclosed sum to the local Short and Laundy hospitality consortium.
Brothers Clyde and Greg Campbell said “We feel very privileged to have owned such an iconic hotel. The decision to sell was not one that our families made lightly but we are excited about the opportunities this presents for our team and the community. We welcome the Short and Laundy families to Lennox and look forward to remaining involved in the community through our other businesses”.
Like Manly’s Steyne Hotel, Byron’s Beach Hotel, Bondi’s Bondi Hotel, Cronulla’s Northies or Coogee’s Pavilion, the Lennox Hotel is one of the few truly beachfront hotel properties in Australia and was similarly negotiated by Andrew Jolliffe of expert brokerage house, HTL Property.
A favourite of the Lennox Head and Ballina communities, the picture perfect and expansive hotel is internationally known for its ocean views; and regularly draws locals and tourists from nearby Byron Bay.
The commencement of 2021 has already produced some very meaningful transactional activity across the national hospitality footprint. With Sydney’s General Gordon and Brisbane’s Alliance Hotel two well known capital city assets both changing hands following transactions concluded by HTL Property.
“We feel most fortunate to be entrusted to negotiate the sale of a number of unmistakable Australian hospitality paragons such as The Lennox, and each time we do we are reminded of just how fundamentally inimitable these very valuable assets truly are” advised HTL Property Asia Pacific Director, Andrew Jolliffe.
In respect of the transaction value and off-market nature of the sale process HTL Property was selected to undertake, Jolliffe was not prepared to elaborate.
“Fraser and the Laundy family understand the infrequency of rare opportunity; and when presented by the chance to own a generational asset such as this one, mobilized with blinding efficiency” concluded Jolliffe.
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