Crystalbrook’s Byron buy

THE Crystalbrook Collection has confirmed the acquisition of The Byron at Byron resort, which was placed on the market by retail mogul Gerry Harvey earlier this year (TD 13 May).

The deal was unveiled late on Fri, with the purchase bringing Crystalbrook’s Australian portfolio to over 1,100 rooms in operation or under development across seven properties in NSW and Qld.

Crystalbrook’s owner, Dubaibased automotive billionaire Ghassan Aboud, said “this is a momentous day for the group.

“We are thrilled to be introducing Byron at Byron to Crystalbrook Collection, providing the opportunity of an outstanding leisure experience for our global customers,” he said.

“The acquisition of this fantastic asset signifies our continued quest for growth in Australia and the region,” Aboud added.

The Byron at Byron boasts 92 suites, a day spa, tennis court and “one-hatted” restaurant, and is located in a 45-acre subtropical rainforest.

The property will commence trading under Crystalbrook Collection later this year, with further details to be unveiled in the coming months.

Crystalbrook Group Director, Hotels, Geoff York, said “Byron at Byron fits seamlessly with our existing personality-driven hotels and resorts...its environmental stance, connection to its exquisite location and local creativity, authentic style and passion for wellness is an excellent fit.”

As well as hotels in Cairns, Sydney, Newcastle and now Byron Bay, the group also owns the Qld-based Crystalbrook Station pastoral business, Crystalbrook Superyacht Marina and the 90foot motor yacht MV Bahama.