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News release


Unique Great Barrier Reef Resorts up for sale

​A strong Great Barrier Reef accommodation market and a number of significant sales across the Queensland leisure markets have prompted Delaware North to place their interest in Lizard Island Resort and Heron Island Resort on the market.

The latest STR Global trading figures show that the Great Barrier Reef’s market-wide hotel occupancy rate increased by 10% and ADR by 27%, resulting in a solid RevPAR increase of 39% when compared to July 2014. 

JLL Hotels & Hospitality Group’s Mark Durran, Managing Director – Investment Sales and Andrew Langsford, Vice President - Investment Sales have been selected to handle the sale. The appointment follows a number of transactions across the Queensland leisure markets this year including Day Dream Island, Pacific Hotel Cairns, Pullman International Cairns and Sheraton Noosa.

“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 unique leisure destinations, and this is anticipated to continue.” said Mr Langsford. 

The mid-scale Heron Island Resort, accessed via Gladstone, captures the imagination of tourists seeking a unique natural experience. Famous for its wildlife, the island boasts some of the world’s most spectacular natural habitats. The property, which offers 109 guest rooms and suites, has recently undergone significant infrastructure upgrades.

The award winning Lizard Island Resort has recently undergone a comprehensive redevelopment program, including the upgrade of all 40 rooms and suites, making it one of Australia’s newest premium luxury resorts. The Resort is accessed via a scenic flight from Cairns connecting 30 domestic and 18 international destinations.

The Great Barrier Reef is the subject of renewed international investor interest due to strong trading results over the past 12 months and an excellent outlook as a result of numerous positive market influences.” said Mr Langsford.