Latest News

Back to Latest News back

 

Fitzroy Island resort goes into receivership

Fitzroy Island resort goes into receivership
April 28, 2009

Fitzroy Island's recently revamped resort has been placed in receivership just five months after it opened.

The $100 million Hunt Resort, on Fitzroy Island in the Great Barrier Reef, was placed in the hands of receivers Ferrier Hodgson and administrators McLeod and Partners last week.

The ABC reported that the resort's owner, Joshua Hunt bought the resort from adventure tourism operator Raging Thunder for $18 million in 2006.

Raging Thunder claims that Hunt still owes $13 million to them, while reportedly also owing $50 million to BankWest.

Fitzroy Island, with its famed Nudey Beach, was previously known as a favourite destination for backpackers and budget travellers. Since purchasing the resort, Hunt had taken the location upmarket, creating what he called a "mini-Hamilton Island" able to accommodate 450 people in a variety of hotels, suites and one- and two-bedroom apartments.

The resort had received its fair share of publicity since opening, hosting the contestants of reality TV series The Biggest Loser and offering 500 victims of the Victorian bushfires a week's free holiday.

In a further blow to the venture, the resort's generators broke down last Tuesday, forcing the evacuation of all guests. In a statement, Ferrier Hodgson said it would take the opportunity in the absence of guests to finishing outstanding infrastructure work on the island.

The work is estimated to take about one month and the resort will remain closed during this time. Guests who have booked and paid for accommodation during this period will be relocated to nearby Green Island, the statement said.


Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?

The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.

However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.

Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.

Subscriptions cost just $90 a year.

Click here to subscribe.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

DEBITSUCCESS

Over the past 10 years Debitsuccess has been providing expert billing services to businesses across Australia. Debitsuccess is now the largest full service direct debit provider in Australasia,…

read more

Billing / Finance / Fitness / Golf / Recreation

 
 

SGL GROUP

SGL is an innovative and progressive lifestyle, leisure and community consulting practice, operated by Phillip Gray and active since 1988. SGL has undertaken an extensive range of sport,…

read more

Aquatics / Consultants / Fitness / Recreation / Sport

 
 

Envibe

With its sleek good looks and easy-to-use yet powerful functionality, Envibe is the premium fitness club software for the Australasian leisure, recreation and fitness industry. We are the most…

read more

Aquatics / Fitness / Recreation / Technology

 
 

AlphaFit

AUSTRALIAN MADE. BUILT NOT BOUGHT. AlphaFit is a 100% Australian owned family company manufacturing gear specifically for the strength and conditioning, functional fitness and high-performance…

read more

Fitness / Recreation / Sport / Technology / Wellness

 
 

METRA Australia

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

Aquatics / Attractions / Fitness / Recreation / Security

 
 

CERAMIC SOLUTIONS

Established in 1994, Ceramic Solutions has excelled at the supply and installation of swimming pool tiles and equipment for the pool and leisure industry, with a focus on the needs of end-users. …

read more

Aquatics / Design / Surfaces / Venues

 
 

Life Fitness

Life Fitness Cardio Life Fitness Strength Hammer Strength Group Cycling Rowers Certified Refurbished Freeweights Benches & Racks Flooring Life Fitness is the global leader in the fitness…

read more

Fitness / Recreation / Technology / Wellness

 
 

HYPOXI Australia Pty Ltd

HYPOXI®  is one of Europe’s most successful health and weight loss studio concepts.  It’s the first weight loss technology to incorporate exercise with advanced vacuum and…

read more

Fitness / Technology / Wellness

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business