METRA Australia is your innovation partner for smart electronic locking, Access Control solutions and cashless payment systems to suit all types of leisure facilities. Our team’s…read more
Chinese investors buy Daydream Island
The China Capital Investment Group has bought Queensland’s Daydream Island Resort for around $30 million.
With the low dollar and strong growth in the Chinese inbound market, the sale price is less than half of the Island's original $65 million asking price.
Sale of the resort, which features a 4.5-star 296-roomresort built by Nature’s Own founder Vaughan Bullivant, follows the sale of Lindeman Island to Chinese buyers, Whitehorse in 2012.
The annual turnover of the resort is estimated at $27 million.
Bullivant paid $25 million for Daydream in 2000 and spent nearly $50 million on ugrading the resort. The resort was established by Sea World founder Keith Williams.
Chinese interests have bought two Auckland islands linked to the mainland in a $41.5 million deal.
China's Rainbow Holdings NZ has aquired Pararekau Island and Kopuahingahinga/Lee Island and now plan the development of a $130.6 million six-star luxury resort and native reserve.
20th October 2011 - SEA WORLD FOUNDER KEITH WILLIAMS DIES
1st February 2011 - CYCLONE YASI FORCES WHITSUNDAY RESORT EVACUATIONS
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