Island sale slam Dunk for tourism

first_imgSource = e-Travel Blackboard: S.P Dunk Island to be refurbished and re-launched after being sold to investor. Dunk Island Resort, which has been closed since Cyclone Yasi destroyed the resort earlier this year, has recently been sold for AUD10 million dollars.The island resort has been purchased by Peter Bond, CEO of Australian-based energy company Linc Energy and will be refurbished and re-launched, the ABC reported.CBRE Hotels’ agents Wayne Bunz, Tom Gibson and Paul Nyholt negotiated the sale of the resort, which formed part of the Hideaway Resorts Portfolio.Queensland’s Tourism Minister Jan Jarratt said the sale is great news for the local tourism industry.”I know the people in Mission Beach, Cardwell area, have worked so hard this year keeping their chins above water and ensuring that they had a great product for the tourists who came to that area,” she said.”But this would be the news that they’ve been waiting for and I couldn’t be more pleased,” she added.CBRE Hotels Senior Director Wayne Bunz said the Hideaway sale campaign had generated overwhelming interest of around 160 enquiries from both local and offshore groups.”It is very positive to see such a high level of interest for an asset of this calibre considering market conditions,” Mr Bunz said.As a result of the success of the Hideaway Resorts sales campaign, CBRE Hotels have been appointed to sell Club Med Lindeman Island early next year.Mission Beach Tourism Chairman Will Nevile said a lot of businesses would have had to close their doors if the resort was not purchased.“It’s certainly taken a big challenge to the ability of the reef operation to work, to the ability of the water taxis and all the aquatic activity to interact,” Mr Nevile said.“Most of that does centre around Dunk Island so one of the things that’s great about having it back on board, is it’ll bring that infrastructure back into play.”Prior to Cyclone Yasi, Dunk Island Resort offered a good selection of accommodation across 160 rooms and was an established and profitable family resort.CBRE Hotels’ negotiator Tom Gibson attributed the huge interest in the resort to the fact that the sale offered a freehold tenure.“The rare freehold island offering was one of the main draw cards for investors, coupled with the island’s unrivalled location,” Mr Gibson said. last_img read more