The Wye Beach Hotel was sold by long-time owners Paul and Tess Brown who said letting go was an “emotional” moment. New owners, identified as the Di Bello family on title documents, run a commercial cleaning business in NSW. They paid about $6 million
The Wye Beach Hotel is the latest in a string of pubs on Victoria’s famed surf coast to change hands as investors follow the tide of people flowing to the regions.
Nestled on a winding stretch of coast where the Wye River meets the sea, the hotel was sold by long-time owners Paul and Tess Brown who said letting go of the ocean retreat was an “emotional” moment. JLL Hotels’ Will Connolly, who managed both transactions, said buyers were hotly contesting regional hotels with strong trade.
Hemmes’ rapidly expanding hospitality empire Merivale has long owned multiple venues in downtown Sydney and its suburbs but more recently spread to NSW regional areas.
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