Hotel For Sale – Vali Byron Bay
Vali, located in Byron Bay, NSW Australia, is being exclusively offered to market by JLL Hotels & Hospitality Group.
Styled to reflect a Palm Springs and a California coastal vibe, Vali Byron Bay is one few hotels in Byron Bay’s town centre that offers scale, featuring 52 guest rooms, lobby with guest lounge and common area, conference facilities with balcony, co-working spaces and open-air courtyard.
Andrew Langsford, Senior Vice President at JLL Hotels & Hospitality Group said, “The hotel is offered for sale with vacant possession of management, for hotel companies who are looking to grow a branding presence across Australia’s coastal or leisure destinations, Byron is a must-have location, and there is only a small handful of properties with potential.”
Whilst Byron Bay has been on top of the acquisition list for many investors and hotel operators, there has been limited opportunity to enter the Byron Bay hotel investment market – the majority of assets are held by long-term interests. Byron Bay has solidified its reputation as a highly desirable market, boasting excellent accessibility, a laid-back lifestyle, and an authentic luxury coastal experience.
“The scarcity of new hotel developments and limited transaction activity in the past two decades highlights Byron Bay’s status as a thriving market, with exceptional growth and formidable barriers to entry. Byron Shire Council’s proposed changes to regulation to further reduce the number of short-term accommodation rentals, restricting nights available from 180 days to 60 days, is expected to place further demand on traditional hotel accommodation,” added Mr Langsford.
Gareth Closter, Senior Vice President at JLL Hotels & Hospitality Group said, “Vali, Byron Bay has undergone significant Capex enhancements over the past 18 months, rebranding and refurbishing the property, positioning the hotel as a leading lifestyle product together with the introduction of new conference, co-working and event spaces.”
An incoming purchaser has the opportunity to add exceptional value by converting the existing courtyard to a bar & entertainment area with outdoor swimming pool with poolside seating, creating an exclusive resort experience in the heart of Byron Bay, just moments from Main Beach. A Development Application has been put forward to Byron Shire Council.”
This unique investment opportunity is expected to generate significant interest from local and international investors, International Expressions of Interest close on Thursday 3 August (unless sold prior).
