Sell with Confidence
Read More
News

Airlie Beach Hotel Sells For $22m

By Ray White Whitsunday

The Airlie Beach Hotel in the Whitsundays has sold for $22 million, almost two years after the O’Neill family first put it on the market.

Cyclone Debbie put halt to the first offering in 2017, but a $10 million refurbishment and an increase in the local tourism market saw the 80-room hotel better placed for a sale.

The new owners and operators of the hotel are ABH Hotel Pty Ltd and ABH Operations Queensland Pty Ltd, trading as Airlie Beach Hotel.

Airlie Beach Hotel shareholders include Bonnie McFie, the wife of Queensland publican Mick McFie, Gold Coast solicitor Shanan Ramsden and Chris Giufre, managing director of Gold Coast investment firm, Wraith Capital.

CBRE Hotels’ Wayne Bunz said the new owners of the Airlie Beach hotel “immediately elevated returns by optimising venue operations and reducing overheads”.

“Their subsequent purchase of the property freehold provides further evidence of a resurgence in the Airlie Beach and broader Whitsundays region, with investor sentiment on the rise,” he said.

Source: hospitalitydorectory.com.au

Up to Date

Latest News

  • Whitsunday Coast Airport Flight Numbers Soaring

    With Christmas fast approaching and the Queensland border fully open from December 17, Whitsunday Coast Airport (WCA) is gearing up for a record shattering period with up to 70 weekly flights scheduled over the holiday season. Whitsunday Regional Council Mayor Andrew Willcox said there was perfect synergy with the Whitsundays … Read more

    Read Full Post

  • Ray White Economics Weekly Update

    This week I take a look at our most wanted. Where we want to buy and rent, based on price growth and where we want to be, based on population movements. Our most wanted city (and suburbs) There really has been no suburb or city untouched by COVID accelerated demand. … Read more

    Read Full Post