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
Australia’s 2025 budget expands Help to Buy, funds prefabricated housing, and introduces trade apprenticeship incentives. Measures discouraging foreign investment could hinder housing supply, with limited solutions to address housing challenges. Despite significant challenges with housing supply, the Australian government’s 2025 budget focused on some changes to the Help to Buy … Read more
Whitsunday Regional Council is inviting the community to help shape the Bowen Foreshore Masterplan, an ambitious vision designed to enhance public spaces, attract private investment, and revitalise the waterfront over the next 15 years. Mayor Collins said the Masterplan presents a unique opportunity to build on the momentum of the … Read more