Latest News

Back to Latest News back


Syrian billionaire buys Byron at Byron Resort and Spa

Syrian billionaire buys Byron at Byron Resort and Spa
August 29, 2019

One of Australia’s most renowned resorts, The Byron at Byron Resort and Spa, has been sold for $41.7 million to the Australian hospitality holdings of Syrian billionaire Ghassan Aboud.

The acquisition of the Byron Bay resort, owned by retail entrepreneur Gerry Harvey and a Harvey Norman Holdings subsidiary, who pioneered its development in 2005, will see it transition to the Crystalbrook Collection brand.

The resort, set in 18 hectares of subtropical rainforest just outside the NSW north coast town of Byron Bay, was listed for sale in May.

With its beachfront location, the resort has regularly been named among the top 10 best luxury resorts in Australia. It features 92 stylish suites, an infinity pool, day spa, tennis court and one-hatted restaurant.

Dubai-based entrepreneur Aboud initially made his money in the automotive and logistics industries and in recent years has invested more than $100 million into Australia’s resort market, developing and opening two luxury resort hotels in Cairns. A third opulent hotel dubbed ‘Flynn’ is set to open in the North Queensland town next year.

The acquisition of Byron at Byron brings Crystalbrook Collection’s portfolio to over 1,100 rooms in operation or under development across seven properties in NSW and Queensland.

Other properties owned by Aboud include The Crystalbrook Lodge and Crystalbrook Station. They were acquired from Port Douglas businessman John Morris in early 2017 and include a 34,000 hectare cattle station.

About 220 kilometres west of Cairns, the Crystalbrook Lodge features five suites and charges $1800 per room per night, all inclusive.

Commenting on the acquisition, Aboud advised “this is a momentous (move) for the Group. We are thrilled to be introducing The Byron at Byron to the Crystalbrook Collection, providing the opportunity of an outstanding leisure experience for our global customers.

"The acquisition of this fantastic asset signifies our continued quest for growth in Australia and the region.”

Crystalbrook Collection acting Chief Executive and Group Director, Hotels, Geoff York added “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.”

Related Articles

16th August 2019 - Hayman Island regeneration heralds ‘new era’ for Whitsundays

21st June 2019 - Global Wellness Institute names top five international hot springs trends

5th June 2019 - Byron Bay named among world’s worst locations for overtourism

3rd April 2019 - Tourism ‘the best partner for governments’ to generate jobs and economic growth

21st December 2018 - Byron Bay Beach Hotel replaces poker-machines with eco-friendly environment

4th September 2018 - Expanding Australia’s High Net Worth appeal a positive for tourism

24th August 2018 - NSW sets ambitious regional tourism target

9th August 2018 - Conference to explore tourism business and investment

4th June 2017 - Byron Bay resort launches Conference Wellness Program

7th June 2015 - Tired island resorts hurt the appeal of Great Barrier Reef tourism

12th May 2015 - Australian tourism investment reaches $53.7 billion in 2014

6th November 2012 - Federal Government introduces tourism investment facilitation service

Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.


supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

APT Asia Pacific Pty Ltd

APT (Advanced Polymer Technology) is the leading global manufacturer of polyurethane-based materials, acrylic coatings and synthetic turf products for sporting and recreational applications. From…

read more

Environment / Sport / Surfaces / Technology



With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology



Commercial Aquatics Australia provides aquatic solutions nationwide and is one of the largest and most experienced companies specialising in the design, construction, renovation, service, maintenance…

read more

Aquatics / Design / Play / Waterparks



Our team believes floors should be beautiful, comfortable, and engineered for safety, even when wet. Life Floor tiles meet six unique performance based standards: slip-resistance, impact absorption,…

read more

Aquatics / Play / Recreation / Safety / Surfaces



Les Mills Asia Pacific Les Mills Asia Pacific (LMAP) have been setting the benchmark for providing professional fitness solutions across Australia and South East Asia since 1996. Our world renowned…

read more

Fitness / Technology / Wellness



revolutioniseSPORT is the emerging market leader in online club management in Australia. Whether it is memberships, registrations, events, online sales or governance tools - revolutioniseSPORT is the…

read more

Recreation / Sport / Technology



Ecoline is a highly experienced and skilled company that offers world-first technology in safety, protects the environment and provides a unique and challenging custom-made adventure and educational…

read more

Attractions / Environment / Safety / Tourism


SKC Operations Pty Ltd (SKCorp)

SKC Operations Pty Ltd (SKCorp) is an expert retail and marketing services team specialising in sports, leisure, aquatics, fitness, health, wellness & recreation industry. Using proven…

read more

Aquatics / Consultants / Fitness / Marketing / Retail


get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business