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
By Commissioner for Body Corporate and Community Management on April 10th, 2025 Living in a community titles scheme can come as a surprise to many new residents. It can take some time to adjust. Perhaps the most striking difference is the proximity to others in your scheme. Life in a body corporate … Read more
Nerida Conisbee Ray White Group Chief Economist After a remarkably swift recovery in January 2025, Australia’s property market faces several possible paths as global economic uncertainties continue to evolve. While structural factors like persistent housing undersupply create a solid foundation for long-term growth, various scenarios could play out over the … Read more