Two top island resorts lure overseas interest
A FALLING dollar and a growing appetite for Australian tourism assets are expected to lure overseas interest in two Queensland island resorts.
US hospitality giant Delaware North has put its awardwinning celebrity haven Lizard Island and its family orientated Heron Island Resort on the market.
JLL Hotels & Hospitality Group’s Andrew Langsford said he expected plenty of local and overseas interest. “The low Australian dollar, and continuing revival in both inbound and domestic leisure demand, has proved a positive trend for the Great Barrier Reef’s leisure destinations,” he said.
Lizard Island, northeast of Cooktown, which offers rooms at $1000 a night, underwent a $30 million redevelopment after Cyclone Ita struck early last year. Its 40 rooms and suites were upgraded, making it one of Australia’s prime luxury resorts.
Off Gladstone, Heron Island is famous for its wildlife. It has 109 guest rooms and suites and also underwent a significant upgrade.
Mr Langsford said the Great Barrier Reef tourism market had rebounded in the past year, resulting in more interest in resort and hotel assets.