Properly Good Group is divesting the Mantra Membership Croc Airlie Seashore following a decade of possession.
CBRE Lodges Nationwide Director Wayne Bunz and Senior Negotiator Taylor Morris have been solely appointed to handle the Expressions of Curiosity sale marketing campaign.
Positioned within the coronary heart of the Whitsundays tourism area, Airlie Seashore serves because the mainland gateway to the Whitsunday Islands and Nice Barrier Reef and continues to learn from ongoing private and non-private funding in infrastructure.
Occupying a outstanding 1.29-hectare freehold web site on Shute Harbour Highway, the principle arterial connecting Airlie Seashore with Whitsunday Coast Airport and the area’s key tourism points of interest, the established four-star lodge contains 159 visitor rooms and affords scale in one among Australia’s most recognised tourism locations.
Commercials
The lodge additionally includes a restaurant and bar with an outside coated deck, two convention and assembly rooms, a lagoon-style swimming pool and spa, gymnasium, visitor laundry, parking for about 120 automobiles and a two-bedroom supervisor’s residence.
Mr Bunz famous that the marketing campaign offered an distinctive alternative to amass the biggest lodge in Airlie Seashore, with vacant possession of administration.
It follows the Queensland Authorities’s latest Double Island marketing campaign, which was coordinated by CBRE and attracted vital curiosity, leading to Morris Group being awarded a long-term lease to undertake a significant $40 million island refurbishment.
“The extent of capital focusing on North Queensland tourism belongings is exceptional,” Mr Bunz mentioned.
“We’re seeing main institutional and personal funding throughout the area, together with Blackstone’s $1.2 billion acquisition of Hamilton Island, reinforcing the long-term confidence available in the market.”
“Airlie Seashore has undergone a elementary repositioning over the previous decade, with occupancy growing from 55% to 76% and RevPAR greater than doubling. This efficiency has been achieved
with nearly no enhance in room provide, highlighting the power of underlying demand and the pricing energy now evident throughout the market,” Mr Bunz mentioned
“An incoming purchaser of Mantra Membership Croc Airlie Seashore has the pliability to take the asset in whichever course they see match, whether or not that’s repositioning, rebranding or implementing a brand new working mannequin.”
Ms Morris added, “In a market the place improvement prices and supply timeframes proceed to extend, the chance to amass a large-scale lodge that has already benefited from vital latest capital expenditure is especially compelling.”
“Coupled with a constrained provide pipeline, the lodge affords buyers speedy entry to a high quality tourism lodging platform in one among Queensland’s strongest leisure markets.”
The chance comes at a time when worldwide tourism expenditure within the Whitsundays has reached document ranges.
Worldwide customer expenditure climbed 27.6 per cent to a document $271.8 million within the 12 months to March 2026, whereas complete customer expenditure exceeded $1.23 billion. Worldwide customer nights elevated 15 per cent to 1.3 million, common size of keep prolonged to 7.7 nights, and customer spend per journey rose virtually 30 per cent to $1,551.
Mixed with 2.5 million home customer nights and the area’s future function as host of Olympic crusing through the Brisbane 2032 Video games, the figures spotlight a vacation spot benefiting from rising demand, longer stays and growing customer yield.
Mr Bunz famous, “The Whitsundays stays one among Australia’s most recognisable and aspirational tourism locations, and alternatives to safe belongings of this high quality and scale extremely scarce.”
“If you mix a strategic freehold web site, a lately refurbished lodge, vacant possession, sturdy buying and selling fundamentals and a market experiencing progress with little to no new provide, the funding proposition turns into exceptionally highly effective.”
“We anticipate the marketing campaign to draw vital curiosity from home and offshore teams trying to set up or broaden their presence in one of many nation’s most tightly held tourism markets.”
The freehold going concern within the Mantra Membership Croc is about to launch later this month, with the Expression of Curiosity marketing campaign closing late August 2026 (until bought prior).
