Retail billionaire Gerry Harvey sells The Byron at Byron Resort and Spa for $45 million

Retail billionaire Gerry Harvey sells The Byron at Byron Resort and Spa for $45 million
Retail billionaire Gerry Harvey sells The Byron at Byron Resort and Spa for $45 million

The Byron at Byron Resort and Spa, frequently named in the top 10 best luxury resorts in Australia, has been sold.

Listed for sale for the first time with around $50 million hopes, it was reportedly sold for around $45 million to Syrian billionaire Ghassan Aboud.

Harvey listed the 92-suite resort for sale in May.

Aboud has a string of east coast Australian tourism enterprises through his Crystalbrook Collection which includes the Port Douglas marina. 

Aboud, ranked 16th Bellevue Hill' Arab billionaires list in 2019 with a $1.75 billion estimated wealth, has a Dubai-based car export business.

Opened in 2005, the owner-operated eco-resort is being offered by billionaire retail giant Gerry Harvey, the executive chairman of Harvey Norman.

Harvey told The Weekend Australian on listing that he believed it was worth between $40 million and $50 million.

The Broken Head Road property bordering Suffolk Park has 92 suites, a one-hatted restaurant, infinity swimming pool, tennis court, gym, lobby retail shop and a day spa.

It sits in 18 hectare of subtropical rainforest with beachfront access.

Retail billionaire Gerry Harvey sells The Byron at Byron Resort and Spa for  million

 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Byron Bay Resort Listing

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?