Iconic ‘Mon Komo’ Hotel acquired by Lewis Land Group
Tuesday, 19 November 2019
Landmark Redcliffe venue bolsters leisure portfolio
Australia’s oldest private property developer, Lewis Land Group, has added to its portfolio of iconic leisure assets, with the purchase of renowned south east Queensland entertainment venue, the Mon Komo Hotel.
Set on the pristine shoreline of Moreton Bay at Redcliffe, Mon Komo has been a local hospitality institution since it opened in 2011, receiving numerous awards for excellence in service and entertainment. Coupled with its ownership of the nearby hospitality favourite, The Belvedere Hotel at Woody Point, Lewis Land Group now boasts an enviable collection of assets in one of the fastest growing pockets of Australia.
Mon Komo is a multi-faceted hospitality venue featuring numerous bars, dining options, as well as conference, meeting and wedding facilities. Set on the most desirable position on Moreton Bay (a short 35-minute drive from Brisbane’s CBD and 25-minute drive from Brisbane Airport), the venue enjoys a reputation for great entertainment, and superb food in a relaxed, enjoyable atmosphere.
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.
Lewis Land Group CEO, Chris Calvert, said that the Mon Komo purchase was a strategic acquisition to build on the Group’s existing presence in the South East Queensland market.
“Lewis Land Group is committed as a long-term investor in the Moreton Bay region, which offers a perfect location for our outdoor, family focused venues. We are looking forward to strengthening our community involvement across our two venues at Redcliffe and Woody Point.
“We’re delighted to be the new custodians of such an iconic venue. The Hotel aligns perfectly with our core values of embracing the great Australian outdoors through the natural environment,” Mr Calvert said.
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 time was right to sell as they focus on growing their 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. We really look forward to coming back to relax and enjoy a cold beverage on Mon Komo’s stunning terrace” said Mr Jenkings.
The sale was managed by Michael Simpson and Leon Alaban of Savills Australia. Timing of settlement is subject to normal regulatory approvals.
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