SALE IN THE SUNSET AS EAST HEADS FOR BEACH

weeks after announcing his departure from the business he floated.

He said the six-bedroom waterfront home with 10m pool, spa, cabana with outdoor kitchen and tennis court had been the perfect family abode over the past four years.

While he would miss it, Mr East said he would need a new project going forward.

“We’re staying on the Gold Coast but because I’ve sold Mantra Group, I just think this is a really nice time to look into jumping into another project,” he said.

“I know that I’ll need to keep busy.

“We’ll probably head to the beach and live a bit more of a beach lifestyle for a bit.”

Mr East said he and wife, Susan Millar-East, also wanted to build another house on their farm.

Shareholders approved the $1.2 billion sale of Mantra to Accor Hotels in a nearunanimous vote at a meeting in Sydney last month.

Mr East plans to stay on as Tourism Australia chairman and will take on a new board, chairing Wollongong-based Experience Co, a listed adventure tourism and leisure company with market capitalisation of $355 million.

He is ranked No.2 on the latest Gold Coast Bulletin’s Power 100 list.