Mon Komo Hotel has new owners for the first time since it opened in 2011

A popular hotel with views over Moreton Bay has new owners for the first time in eight years. It is not the only hotel the new owners operate north of Brisbane.

Mon Komo Hotel on the Redcliffe Peninsula has new owners for the first time in eight years.

An Australian based property developer has purchased the Mon Komo Hotel, after it was put up for sale in June.

Lewis Land Group, who also own the Belvedere Hotel at Woody Point, purchased the Redcliffe entertainment venue to bolster its portfolio.

Mon Komo Hotel, at Marine Pde, Redcliffe, opened in 2011.

Since then it has been operated by Kyko Group.

Group director Bill Jenkings said they were selling to focus on expanding their office building portfolio.

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“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” Mr Jenkings said.

Mon Komo Hotel on the Redcliffe Peninsula.

Lewis Land Group Head of Leisure Brad Jenkins said the buy was a significant milestone for the group.

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“We’ve been big admirers of the Hotel for a long time and we’re thrilled to bring it into the portfolio,” Mr Jenkins said.

“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 described the buy as a “strategic acquisition”.

“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,” Mr Calvert said.

“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.”

The sale was managed by Michael Simpson and Leon Alaban of Savills Australia. Timing of settlement is subject to normal regulatory approvals.

Mr Alaban said there was “interest from both hoteliers and investors” from Queensland and interstate.

“We received a high level of inquiry, inspections and ultimately offers submitted,” he said.

Mr Alaban would not comment on the sale price.