Rich-listers snap up iconic Byron Bay pub
THE famous Beach Hotel in Byron Bay has sold to a fund linked to one of Australia's richest families.
The hotel has sold for $70 million to Impact Investment Group - linked to the wealthy Melbourne-based Liberian family.
Keen race car driver Max Twigg, who bought the pub for $44 million 10 years ago, was the seller.
The property was developed by Paul Hogan sidekick John Cornell and overlooks Byron Bay's Main Beach.
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