Mon Komo Hotel sold to Lewis Land Group
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Mon Komo Hotel sold to Lewis Land Group
Australia’s oldest private property developer, Lewis Land Group, has purchased the renowned south-east Queensland entertainment venue, the Mon Komo Hotel, in a deal negotiated by Michael Simpson and Leon Alaban Savills.
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Savills AustraliaAn aerial view of the Mon Komo Hotel.
Developer Lewis Land Group has further expanded its presence in South East Queesland, purchasing the Mon Komo Hotel at Redcliffe.
The iconic hospitality institution on the shoreline of Moreton Bay joins The Belvedere Hotel at Woody Point in the company's collection of assets in the region.
Mon Komo is a multi-faceted hospitality venue featuring numerous bars, dining options, as well as conference, meeting and wedding facilities.
At a glance:
- The Mon Komo Hotel at Moreton Bay in south-east Queensland has been sold to the Lewis Land Group.
- The Hotel was developed by Kyko Group as part of their multi-award-winning mixed-use Mon Komo development.
- The sale was managed by Michael Simpson and Leon Alaban of Savills Australia.
Head of Leisure at Lewis Land Group, Brad Jenkins, said the purchase of the landmark venue marked a significant milestone for the Group.
“We’ve been big admirers of the Hotel for a long time and we’re thrilled to bring it into the portfolio,” said Mr Jenkins.
“It’s a quality venue in all respects and in many ways, it sets the benchmark for hotel service and entertainment excellence."
The Cabana Bar at the Mon Komo Hotel. Source: Savills Australia
The Hotel was developed by Kyko Group as part of their multi-award-winning mixed-use Mon Komo development.
Kyko Group Director Bill Jenkings said after eight years of ownership, the company had decided to sell in order to focus more on its office building portfolio.
"It’s been a great journey and we’re really proud that Mon Komo has become one of the iconic Queensland hotels," he said.
"We really look forward to coming back to relax and enjoy a cold beverage on Mon Komo’s stunning terrace."
The sale was managed by Michael Simpson and Leon Alaban of Savills Australia, with timing of settlement subject to normal regulatory approvals.
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