Palmer buys Hyatt Regency Coolum
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.