CBRE Hotels’ agents Wayne Bunz and Hayley Manvell are steering the sale campaign for the 8ha property, which is situated in the Whitsunday Islands.

The sale plans for Long Island Resort coincide with several high-profile island resort launches, including Daydream Island ($100m refurbishment), Intercontinental Hayman Island ($100m refurbishment) and Elysian Retreat – a boutique, 10-room eco resort, which is also located on Long Island. Formerly the Paradise Bay Eco Resort, Elysian Retreat was opened this year by the owners of the Sojourn Retreats group.

“Queensland’s Great Barrier Reef islands are going through a period of resurgence, underpinned by $55 million in investment from the Queensland Government to get the region’s resort sector back open and operating,” Ms Manvell said.

Click here to view the full listing on The Hotel Page.

“This investment will facilitate the delivery of critical infrastructure with innovative environmental outcomes. and has led to four new or refurbished Great Barrier Reef island resorts opening in 2019.”

Long Island Resort was originally developed by Contiki and has been owned by Ocean Hotels for the past 25 years. The vendor has engaged PlusArchitecture to prepare plans which include 44 luxury villas, spa, a restaurant/lounge bar and an infinity pool overlooking Happy Bay.

CBRE Hotels National Director Wayne Bunz said it was clear that the most successful Australian leisure assets were ultra-luxury, smaller scale developments of the likes of Qualia, Bedarra Island and the Baillies Lodges, which include Southern Ocean Lodge, Longitude 131 and Cappella Lodge Lord Howe Island.

“This has been evidenced by global interest from investors in acquiring these types of leisure assets, with recent deals including KSL Capital Private Equity Group’s acquisition of a stake in Baillie Lodges and subsequent purchase of Silky Oaks Lodge in the Daintree Rainforest, Aldesta Hotel Groups acquisition of Heron Island and Greaton Group’s acquisition of Keswick Island,” Mr Bunz said.

The original Long Island Resort offered a selection of accommodation across 172 rooms and significant recreational facilities, with dual Happy Bay and back beach frontage.

It is situated on the closest Whitsunday Island from the mainland, being only 7 kilometres off the Queensland coastline, situated between Hamilton Island and Airlie Beach accessible via the Cruise Whitsundays ferry circuit or privately chartered water-taxi or helicopter.

“Long Island Resort features mainland power and presents strong foundations for an incoming purchaser to redevelop and re-establish this once thriving island getaway and realise its true potential,” Ms Manvell said.

Owner David Kingston has commented on the sale, "Reflecting the Whitsundays’ globally recognised status, in 2017 a major Middle Eastern group paid a deposit to purchase Long Island and build an ultra luxury “Sixth Senses” resort. However the cyclone hit and that project did not proceed."

"Like Daydream and Hayman, we had some cleaning up and now present the 8 Hectare prime beachfront property with multiple options. An upmarket new boutique resort can be created or the existing 140 guest rooms renovated and relaunched. Also with approvals, extra villas/ units can be developed as Hamilton Island has done."

"Long Island has a super prime location between Hamilton Island and Airlie Beach and has extensive frontage to one of the Whitsundays’ best beaches. Its major infrastructure and approvals are extremely hard to replace.”

Click here to view the full listing on The Hotel Page.

The Expressions of Interest campaign closes July 11, 2019.

This is a Feature Property booking.

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Best Western Hotel for sale, Gregory Terrace, Brisbane