JLL Hotels & Hospitality Group has been exclusively appointed to manage the relaunch and sale of Castaways Resort & Spa, Mission Beach in Tropical North Queensland.

Castaways offers 200 metres of beachfront land on the pristine Mission Beach, a 14-km stretch of idyllic sand located 90 minutes south of Cairns. The property is situated amongst some of Australia’s most impressive natural environments, offering exquisite views over the Coral Sea, convenient access to the Great Barrier Reef, the surrounding Family Group of Islands and is also situated amongst Australia’s UNESCO World Heritage Wet Tropics of Queensland.

The resort currently comprises 46 keys and a range of facilities including the renowned Buko Restaurant which has recently benefitted from expanded licensed area providing for unique event and F&B offerings. An incoming owner can utilise a range of investment strategies with the property benefitting from a Development Approval in place allowing an expansion of the resort by 44 keys which would enable a repositioning to put the property at the forefront of boutique resorts in Tropical North Queensland, thereby tapping into the unrelenting thirst for lifestyle assets whilst also providing high-yielding returns.

Commenting on the sale, Adam Bury, Executive Vice President at JLL Hotels & Hospitality Group noted, “Northern Queensland has some of the Australia’s best beaches and most spectacular scenery, but such opportunities, with absolute beach frontage, are rarely traded. We believe the Resort, and the opportunity it presents, sits without comparison on the entire coastline from Cairns down to Noosa. The property has been held by the current family ownership for over a decade, and we therefore truly believe this is a generational opportunity the acquire a one-off resort that will undoubtedly benefit from the Golden Decade we are to witness across Queensland off the back of the recently announced 2032 Olympics”.

Mr. Bury went on, “We have also seen a wholesale change in guest demand over recent years, with experiential experiences been key to successful hotel and resorts – Castaways Resort & Spa provides a truly unique opportunity to create a one-of-a-kind property located amongst some of the world’s best natural environments. With the property now re-priced we believe this is a highly compelling opportunity for an active asset manager to acquire the property, be it for a lifestyle acquisition or a return driven investor”.

With infrastructure investments into Queensland, including airport expansions at both Cairns and Brisbane, Queensland is expected to see a surge in tourism arrivals over the coming decade and their remains a depth of capital in the market seeking to benefit from this. Mission Beach is also benefitting from enhanced infrastructure, with a new marine facility providing greater accessibility than ever before to the reef and outer islands.

Adding his thoughts, Gareth Closter, Senior Vice President said, “Regional tourism assets have seen a boom in performance since reopening of borders, with travellers again recognising the significant experiences that Australia has to offer. We have seen a number of properties, including Castaways, experience trading booms with the spike in domestic demand and expect these trends to stay for the foreseeable future. Having recently transacted Sunshine Tower Hotel in Cairns and with another Mission Beach property already exchanged, we expect strong demand for this asset for a wide range of investors”.

To request a copy of the Information Memorandum please contact one of the marketing agents Gareth Closter, Senior Vice President or Adam Bury, Executive Vice President at JLL Hotels & Hospitality Group via the contact details below.

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