Club Crocodile snaps in­ter­na­tional own­ers

Whitsunday Times - - LOCAL NEWS -

OUR iconic Club Crocodile Ho­tel has been taken on by some new own­ers.

The pop­u­lar re­sort in Air­lie Beach has been sold to Sin­ga­porean group Well Smart In­vest­ment Hold­ings.

Al­ready own­ing the Mantra Ter­race Ho­tel in Bris­bane and the Ibis Bud­get Ho­tel Mel­bourne, Air­lie’s Club Crocodile is the group’s third ho­tel.

The sale was bro­kered by CBRE Ho­tels Na­tional Di­rec­tor Wayne Bunz and CBRE Ho­tels Ne­go­tia­tor, Hay­ley Man­vell, in con­junc­tion with PRD Air­lie Beach.

Ms Man­vell said the new own­ers would ben­e­fit from record tourist ar­rivals into the re­gion, set to be fur­ther boosted when a new in­ter­na­tional air­port opened, pos­si­bly next year.

“The leisure mar­kets are heat­ing up in 2016 and reap­ing the ben­e­fits of in­creased tourist vol­umes driven by a weak dol­lar and lower air­fares,” she said.

With the Club Crocodile ho­tel un­der con­tract and ex­pected to set­tle in com­ing months, Well Smart has started plan­ning a ma­jor re­fur­bish­ment and re­brand­ing pro­gram.

The 3.5 star re­sort fea­tures 161 rooms on a large free­hold site sit­u­ated close to the beach front and Abell Point Ma­rina.

Re­sorts in Air­lie Beach and the Whit­sun­days have re­cently seen max­i­mum oc­cu­pancy lev­els. The lat­est sta­tis­tics by Tourism Re­search Aus­tralia (TRA) showed a strong up­ward growth in in­ter­na­tional vis­i­tor num­bers.

A to­tal of 215,000 overseas vis­i­tors ar­rived in the re­gion for the year end­ing March 2016, in a 5.1% increase from the pre­vi­ous re­port­ing pe­riod.

The for­mer Club Croc re­sort at the Whit­sun­days’ Long Is­land is still up for sale.

RE­SORT: The en­trance to the iconic Club Crocodile Ho­tel on Shute Har­bour Road in Can­non­vale, which has been pur­chased by Sin­ga­porean group Well Smart In­vest­ment Hold­ings.

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