Developer Plans AUD$100 Million Luxury Eco Resort in Regional Victoria, Australia
Date: October 2018
Location: Gippsland Lakes, Victoria, Australia.
Name: TBA
No. of Keys: 36 rooms, 15 villas along with restaurants and spas.
Seller:
Buyer: Developer Seacombe West has plans for a $105 million six-star luxury hotel set amid the Gippsland Lakes in regional Victoria, Australia.
Sustainability of the nine-hectare development project, called Nunduk meaning “The Bark of a Tree” in the local indigenous language, is a central component for the development.
Seacombe West chief executive James Troedel said three luxury operators, Banyan Tree Spa, Six Senses and Goco Spa are interested in the offering.
“We’ve really put together a unique project in a beautiful area that is going to have a great outcome for the region,” Troedel told The Urban Developer.
The high end resort, with rooms expected to cost around $1500 a night, will target wealthy local and international tourists, and is designed to operate off-grid.
Troedel said on-site renewable energy will make the complex completely self-sufficient, with a range of solar panels, bio-diesel generators, and an integrated water cycle management system implemented capturing and treating water.
“We’re a different kind of developer from the point of view that we own the place where this is going to be,” Troedel said.
Troedel said the expansive surrounding farm will supply the resort with fresh and locally grown produce.
Set upon a 2480-hectare sheep farm, Troedel has farmed the property for almost 40 years.
“We’re not dumping and running. We’re here for the long run to make sure we have ongoing regenerative benefits that come from this project for the region; environmentally, socially and economically as well.”
Construction would start next May with an estimated December 2020 completion should plans be approved by Wellington Shire Council.
Price: AUD$105m
Price per Key: AUD$2,058,824!
THPT Comment: The Eco hotel development scene is alive and kicking!
First Seen: The Urban Developer