Palmer buys Hy­att Re­gency Coolum

Inside Golf - - Industry News -

CLIVE Palmer, Queens­land’s rich­est man, has bought one of the state’s prime tourist venues, the Hy­att Re­gency Coolum re­sort on the Sun­shine Coast, re­ports 9News. It’s the min­ing mag­nate’s first ven­ture into the tourism in­dus­try, but he’s not re­veal­ing how much it cost.

“ The Hy­att Re­gency is one of the state’s lead­ing re­sorts and has a rich his­tory,” he said. “We have plans to in­crease the oc­cu­pancy of the Hy­att Re­gency and make it one of the best re­sorts in the world.” Given its pre­mium beach­side re­sort ameni­ties and close prox­im­ity to the Sun­shine Coast Air­port, I see enor­mous scope to build on Hy­att Re­gency Coolum’s al­ready very strong ap­peal.” Mr Palmer says the Hy­att will con­tinue to man­age the re­sort, while Lend Lease and Sek­isui House, Ja­pan’s largest builder of pre­mium homes, will fo­cus on cre­at­ing a world class beach­front res­i­den­tial com­mu­nity.

The com­plex boasts two kilo­me­tres of beach frontage and 150 hectares of nat­u­ral bush­land. It has a golf course which hosts the Aus­tralian PGA Cham­pi­onship each year, beach club, pri­vately pa­trolled beach, ten­nis cen­tre, arts cen­tre, con­fer­ence cen­tre and the largest day spa in the south­ern hemi­sphere. Mr Palmer, who is listed on BRW’s Rich List as hav­ing over $6 bil­lion in as­sets, also has plans to de­velop an $8 bil­lion coal mine and in­fra­struc­ture pro­ject in the Galilee Basin in Cen­tral Queens­land.He also owns the Gold Coast United Foot­ball Club which com­petes in the Hyundai A-League.

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