The Byron Bay Beach Hotel is for sale with market expectations of between $75 million and $80 million.
Melbourne businessman Max Twigg bought the hotel in mid-2007 from its developer, John Cornell, who co-wrote (with Paul Hogan) and produced the global box office hit, Crocodile Dundee, in 1986.
Cornell bought the pub from legendary local publicans Ron and Shirley Redman. Ron was often heard to say, “This is my circus and I’m the ringmaster. If you want to run this circus your way, slot me $1.5 mil and you can be the ringmaster.”