SeaLink announces AUD $43m acquisition of Kingfisher Bay Resort Group
Date: February 2018
Location: Fraser Island, Australia – World Heritage Listed Site, 15km off Queensland’s coast
Name: Kingfisher Bay Resort and Eurong Beach Resort (with tour company and ferry business!) – both 3.5 star
Cathy Finch Photography
No. of Keys: 152 + 54 keys, besides the land and buildings, plant and equipment, three vehicular ferries, a 30-vehicle touring coach fleet, all contracts, licences, intellectual property and goodwill!
The Kingfisher Bay resort incorporates the 152-room Mercure Kingfisher Bay Hotel, self-contained two and three bedroom villas and houses, and a 174-bed Wilderness Lodge for groups. Resort Rangers also guide a variety of four-wheel-drive coach tours or personalised tours of the island. Access to Fraser Island is by ferry only.
Seller: The Kingfisher Bay Resort Group, managed by Tourism Leisure Corporation
Buyer: Sealink Travel Group, MD Jeff Ellison. They already own Transit Systems ferry operations in Queensland and Captain Cook Cruises in Perth.
Price: AUD43m
Price per Key: N/A
THPT Comment: Interesting how hotels/resorts like this need their own ferry company and tour coaches to exist.