Co­conut goes un­der con­tract

Port Douglas & Mossman Gazette - - BUSINESS -

CO­CONUT Re­sort at Cape Tribu­la­tion has gone un­der con­tract and will hopefully set­tle in early May. The re­sort was devel­oped into a world class des­ti­na­tion when Oceans bought the com­plex off Voy­ages in 2006. Like many tourist des­ti­na­tions the re­sort suf­fered badly through the global fi­nan­cial cri­sis, and was closed down in late 2010. The new owner, be­lieved to be from Mel­bourne, will have to un­der­take ren­o­va­tions and main­te­nance on the re­sort, as it is in poor con­di­tion af­ter be­ing left un­touched for the past two years.

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