Mackay’s Coral Cay Resort for sale - CBRE Hotels
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Mackay’s Coral Cay Resort for sale - CBRE Hotels
Mackay’s Coral Cay Resort is to be offered for sale, providing an opportunity to acquire a contemporary style 4.5-star hotel.
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CBRE HotelsMackay’s Coral Cay Resort for sale -
CBRE HotelsMackay’s Coral Cay Resort for sale -
CBRE HotelsMackay’s Coral Cay Resort for sale
CBRE Hotels’ agents Wayne Bunz and Hayley Manvell have been exclusively appointed to market the Freehold Going Concern resort on behalf of a fund.
Located on a significant 9,148sqm parcel of land, the offering comprises 82 one, two- and three-bedroom apartments, a restaurant, two meeting rooms, a swimming pool, gymnasium, manager’s residence and outdoor car parking.
CBRE Hotels’ Senior Negotiator Hayley Manvell noted; “The resort’s robust trading performance and history of producing exceptionally strong profit margins will be a key buyer drawcard.”
Click here to view Hayley's profile on The Hotel Page.
Coral Cay Resort is located 1km south of the Mackay town centre and 4.5km from Mackay Airport. It is situated on Nebo Road, which forms part of the Bruce Highway.
CBRE Hotels National Director Wayne Bunz commented; “Mackay has a buoyant and diversified economy, with the region’s recent growth fuelled by renewed activity in the resources sector, a resurgence in agribusiness and growth in construction, logistics and tourism.”
The Mackay region is the gateway to the rich coal deposits in the Bowen and Galilee Basins. It is also one of the largest sugar-producing regions in Australia and hosts much of the engineering, manufacturing and mining services industries supporting the wider Mackay-Isaac-Whitsunday economy.
The Mackay Regional LGA is recognised as one of the fastest-growing in Queensland, with a population of over 110,000, and has experienced the most prolonged period of growth in recent history.
“The Mackay region has achieved eight successive quarters of visitor growth and is continuing to be a strong tourism destination in Queensland, with international tourists increasing 12.2% from the year prior,” Mr Bunz said.
Click here to view Wayne's profile on The Hotel Page.
“Over $2 billion in development projects are under construction or proposed, which will lead to increased visitation from corporates and tradespeople and drive room rates accordingly.”
Coral Cay Resort is being offered for sale by way of an Expression of Interest campaign closing May 30, 2019.
This is an Elite Property.
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