The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
AFFORDABLE HOUSING DEVELOPMENT SUMMIT THURSDAY, AUGUST 28, 2025
AFFORDABLE HOUSING SUMMIT THURSDAY, AUGUST 28, 2025
EVENT DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
60
print
Print
OtherTed TabetFri 07 Jun 19

Owner of Whitsundays Island Slashes $5m Off Sale Price

291a7d14-ab81-4e83-888c-8cd36f53f637

Private investor David Kingston is again looking to sell his 172-room island resort in the Whitsundays, part of the World Heritage-listed Great Barrier Reef.

The 8-hectare Long Island, owned by Kingston’s Ocean Hotels, hit the market in 2016 with a price tag of about $20 million, but failed to sell.

At the time it was offered for sale alongside another Ocean Hotels-owned resort, the 161-room Club Crocodile Airlie Beach, which was bought by Singapore’s Well Smart Investment Holdings for $9 million.

Price expectations this time round are understood to be in excess of $15 million, with an improved tourism climate – following cyclone Debbie in 2017 – lending to renewed investor interest.

Shanghai-based China Capital Investment Group are also spending upwards of $100 million to refurbish the neighbouring 296-room Daydream Island resort.

▲ Long Island, a nine-kilometre, narrow island west of Hamilton Island sits just seven kilometres east of Airlie Beach on the Great Barrier Reef. Image: Agoda


Long Island, a nine-kilometre, narrow island west of Hamilton Island sits just seven kilometres east of Airlie Beach on the Great Barrier Reef.

Long Island Resort was originally developed by Contiki, but Kingston, a former managing director of investment bank Rothschilds, has owned it for the past 20 years under Ocean Hotels.

Kingston has ­appointed CBRE Hotels’ Wayne Bunz and Hayley Manvell to sell the island property, the same agents appointed to sell the resort in 2016.

The resort is situated on the closest Whitsunday Island from the mainland, being only 7 kilometres off the Queensland coastline, situated between Hamilton Island and Airlie Beach accessible via the Cruise Whitsundays ferry circuit or privately chartered water-taxi or helicopter.

CBRE's Wayne Bunz said the most successful Australian leisure assets were ultra-luxury, smaller developments such as Qualia, Bedarra Island and the Baillies Lodges, including Southern Ocean Lodge, Longitude 131 and Capella Lodge on Lord Howe Island.

The island property has opportunities for expansion which could involve repositioning it into a premium resort such as Hamilton Island or One&Only Hayman Island.

Ocean Hotels has engaged PlusArchitecture to prepare plans for Long Island which include 44 luxury villas, a spa, a restaurant, lounge bar and an infinity pool overlooking Happy Bay.

“Long Island Resort features mainland power and presents strong foundations for an incoming purchaser to redevelop and re-establish this once thriving island getaway and realise its true potential,” Manvell said.

Manvell said Queensland’s Great Barrier Reef islands were experiencing a period of resurgence, underpinned by $55 million in investment from the Queensland government.

“This investment will facilitate the delivery of critical infrastructure with innovative environmental outcomes and has led to four new or refurbished Great Barrier Reef island resorts opening in 2019.”

CBRE Hotels is also marketing the Byron at Byron Resort and Spa on behalf of Gerry Harvey and Harvey Norman Holdings with an expected sale price of between $40 million and $50 million. The resort has hit the market for the first time since its 2005 opening.

OtherInfrastructureHotelAustraliaReal EstateOther
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
Traders in purple Northsea Wollongong EDM
Exclusive

Affordable Housing Bonus Drives Mixed-Tenure Momentum

Clare Burnett
6 Min
Exclusive

Industry Stoush Looms Over Construction Code Pause

Patrick Lau
4 Min
Exclusive

New Wave of Capital Washes Over Evolving Surf Park Sector

Phil Bartsch
11 Min
North Sydney TUD Plus HERO
Exclusive

NSW Housing Fix Tips North Sydney into New Era

Vanessa Croll
7 Min
 GemLife site Currumbin Waters EDM
Exclusive

Pop-Out Apartments Power GemLife’s $450m Vertical Experiment

Clare Burnett
6 Min
View All >
Residential

Spyre Wins Approval for ‘Aspirational’ Tugun Luxury Project

Taryn Paris
Kincrest The Osment Prahran HERO
Development

Kincrest Breaks Ground on its $100m Prahran Luxury Project

Leon Della Bosca
Billbergia Legacy HDA
Residential

Two 60-Storey MacPark Towers Fast-Tracked

Clare Burnett
Nearly 8900 homes have been expedited including an 870 unit project from property heavyweight Billbergia…
LATEST
Residential

Spyre Wins Approval for ‘Aspirational’ Tugun Luxury Project

Taryn Paris
2 Min
Kincrest The Osment Prahran HERO
Development

Kincrest Breaks Ground on its $100m Prahran Luxury Project

Leon Della Bosca
4 Min
Billbergia Legacy HDA
Residential

Two 60-Storey MacPark Towers Fast-Tracked

Clare Burnett
3 Min
Broadbeach 38-40 Australia Avenue DA Approval render hero
Development

Tripling Down on Gold Coast Tower Plans Pays Dividends

Phil Bartsch
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/whitsundays-resort-listed