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News release

Sydney

Unprecedented Cook Islands Beach Resort Portfolio hits the market

JLL has been exclusively retained to offer for sale an expansive resort portfolio located in the picturesque Cook Islands


JLL Hotels & Hospitality Group has been exclusively retained to offer for sale an expansive resort portfolio located in the picturesque Cook Islands.

The properties present an exceptional opportunity to obtain exposure to the South Pacific tourism market by acquiring three leading beach resorts, including a private island. The portfolio comprises a total of 194 rooms and suites available with vacant possession, alongside a number of unique development opportunities.

"The portfolio includes the five-star private island Aitutaki Lagoon Resort which features the only over water bungalows in the Cook Islands. There is also an opportunity to develop an additional 96 pool villas and bungalows, along with the conversion of existing rooms to create 71 luxury villas. Upon completion, the development program would deliver 254 five-star villas, bungalows and suites" said Mark Durran, Managing Director – Investment Sales, JLL's Hotel & Hospitality Group.

The Cook Islands maintain a warm and sunny tropical climate year round attracting a secure and diverse flow of visitors with direct flights available from Auckland, Sydney, Los Angeles and Papeete.

The Cook Islands is generally regarded as one of the safest and most stable tourist destinations and economies in the South Pacific. With both political and business community commitment to the tourism industry, and modern infrastructure, the portfolio is ideally positioned to capitalise on the continued growth of the region.

Expressions of interest for the sale of the Cook Island Portfolio close Thursday 30 October 2014 (unless sold prior).