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Sun Property Holdings is two-thirds owned by hospitality group Red Rock Leisure, which operates the P.J OâBrienâs chain of Irish-themed pubs and Jon Hasler, a director of Red Rock Leisure.
John Musca from JLL Hotels negotiated the off-market sale of Cheeky Monkeyâs and the Thai Sabai tenancy.
The property, which occupies an 827sq m site with 2am trading approval, sold as vacant premises.
Mr Musca said it was fitting that Merivale was bringing its well-known brand to Byron Bay at a time of its âexciting development evolutionâ.
JLL has sold around $90 million of hospitality assets to the Merivale Group over the past 10 weeks including the Lorne Hotel and Nortonâs Irish Hotel.
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