Resort

The Chinese-controlled Club Med is looking to regain its foothold in Australia’s tourism industry after exiting Queensland’s Lindeman Island six years ago.

Queensland’s Great Keppel Island Resort is poised to be sold to offshore interests for around its $20 million asking price after years of languishing on the market along with several of the Sunshine State’s once iconic islands. 

Melbourne-based Shakespeare Property Group has swooped on the Novotel Twin Waters Resort on Queensland’s Sunshine Coast for about $100 million.

Japanese developer Sekisui House has finally won approval to develop the first major resort on Queensland’s Sunshine Coast in three decades with the approval for the $900 million five-star Westin Coolum Resort & Spa at Yaroomba Beach.

Submissions relating to a controversial $100 million development on the East Coast of Tasmania close in two days amid growing concerns about the fast-tracked nature of the proposal.

Resort operators are being offered the chance to run not one, but three luxury resorts on the newly redeveloped Lindeman Island in Queensland’s Whitsundays.

One of North Queensland’s largest resorts, Castaways at Mission Beach, is set to be demolished and rebuilt under a $70 million plan funded by its Melbourne-based owners, the Neville-Smith Family, and a financial partner.

One of Australia’s most picturesque oceanside resorts has floated onto the market, with Airlie Beach’s Coral Sea Resort chasing a new owner.

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