Hyatt Regency Coolum placed into voluntary administration

By on March 1, 2012 in Email Newsletter, Hotel News, Stop Press

Hyatt Regency Coolum

BY JAMES WILKINSON

Hyatt Regency Coolum has been placed into voluntary administration a week after owner Clive Palmer attempted to sack Hyatt as managers of the property located on Queensland’s Sunshine Coast.

In a statement obtained by HM tonight (Mar 1), Hyatt said it had been notified that KordaMentha had been appointed as the voluntary administrators.

“We are liaising with the administrators in relation to the operation of the hotel,” Hyatt said. “KordaMentha have said ‘the resort will continue to operate as normal’”.

Both Hyatt and owner Palmer’s lawyers were back in the Brisbane Supreme Court yesterday, where Hyatt asked for a continuation of an injunction that will mean the company continues to manage the property, which it has done for 24 years.

In separate news, Palmer was stripped of his license to operate the Gold Coast United football team by the Football Federation of Australia (FFA) yesterday amid a stoush between the mining magnate and the sport’s governing body.

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