CBRE Hotels agent Hayley Manvell has announced the sale of the Don Pancho Resort in Bargara to a Queensland based hotel owner-operator. 

The Don Pancho Beach Resort in Bargara was offered for sale via an Expressions of Interest campaign, with CBRE Hotels’ agents Hayley Manvell and Wayne Bunz exclusively appointed to manage the sale.

At a glance: 

• The Don Pancho Resort in Bargara has been sold by CBRE agents Hayley Manvell and Wayne Bunz to a Queensland based hotel owner-operator. 
• The resort was offered for sale via an Expressions of Interest campaign.
• Industry sources say the asset sold for around $5 million.

The agents declined to comment but industry sources say the asset sold for around $5 million.

The buyer is a Queensland based owner-operator who is expected to do a substantial refurbishment of the iconic resort.

The hotel was operated as a timeshare property at the time of sale and sold under instructions from the statutory trustees.

The 3.5 star rated resort is situated on a freehold 3,940sqm beachfront site in Bargara – a seaside town, 14  kilometres east of the Bundaberg CBD. 

The resort offers frontage to Kellys Beach and is situated opposite the Bargara Golf Club.

Click here to visit the listing for the Don Pancho Resort on the Hotel Page

For further information, contact the agents Hayley Manvell and Wayne Bunz via the contact details below

Related reading: 

Don Pancho Beach Resort for sale in Bargara Central Queensland CBRE Hotels

CBRE release their 2019 hotel market outlook research report

Iconic Hotel Cairns for sale with CBRE Hotels