Timeshare and holiday ownership program, Club Wyndham, has expanded its Queensland portfolio into the Whitsundays with the acquisition of a majority freehold interest in a 105-room Airlie Beach resort.
The property, to be rebranded Club Wyndham Airlie Beach Whitsundays, with on-site food and beverage venues included in the acquisition deal. Following settlement, the deal will take Club Wyndham’s managed resort portfolio to 70 properties across Australia, New Zealand, Fiji, Indonesia, Thailand, Hawaii, Europe and Japan.
Facilities at Club Wyndham Airlie Beach include an infinity-edge swimming pool, open-air restaurant and bar, fitness centre, conference facilities and undercover car parking.
Wyndham Vacation Clubs President and Managing Director, International Operations, Barry Robinson, said he was excited at having secured a property for the organisation in the Whitsundays region.
“A gateway to the spectacular Whitsunday Islands, Airlie Beach is a vibrant tropical destination popular with travellers from all over the world and is somewhere our timeshare owners have been asking us to enter for some time,” he said.
“We are excited to secure this deal as we are committed to growing our presence in regional Australia, and this acquisition is in line with that strategic intent.”
CBRE Hotels National Director, Wayne Bunz and agent Hayley Manvell were the key real estate brokers behind the deal, with Bunz saying Wyndham’s timing of the purchase was excellent and would benefit from a strong resurgence in rate and occupancy on the back of more than $200 million in infrastructure investment across the Whitsundays region.