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Byron pub family says no to multi-millionaire sales offer


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by Amy Harris
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They say everyone has their price but even in the real estate obsessed hot spot of northern NSW - which in the past year has attracted everyone from Hollywood movie stars to international finance moguls - it seems not everything can be bought.
The notoriously tight-knit area was buzzing last week as rumours ran wild that two of Sydney s biggest billionaire playboys - Justin Hemmes and Stu Laundy - had descended on the town of Bangalow in search of their next big pub purchase.
Both hoteliers are, it seems, in a spending mood with Laundy recently dropping $41 million on the The Lennox in nearby Lennox Head and Hemmes - whose last big buy was Randwick s Duke Of Gloucester for $32 million - said to be keen to buy into the coveted Byron precinct. ....

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If hotel 'playboys' want another local pub, we've got a tip


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Two of Sydney s biggest billionaire playboys might be feeling a little sorry for themselves after plans to buy the Bangalow Hotel fell through.
It s understood Justin Hemmes and Stu Laundy recently made current owner Tom Mooney an offer on the pub.
Mr Laundy has just bought the Lennox Hotel for $40m, teaming up with Fraser Short for the purchase, while Mr Hemmes last big buy was Randwick s Duke Of Gloucester for $32m.
Despite this pedigree in the hotel industry, the Mooneys made it clear to the pair last week the Bangalow Hotel was not for sale. ....

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Byron pub family says no to multi-millionaire sales offer

Byron pub family says no to multi-millionaire sales offer
coffscoastadvocate.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coffscoastadvocate.com.au Daily Mail and Mail on Sunday newspapers.

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