Club Crocodile sold to Well Smart

Club Crocodile sold to Well Smart
Club Crocodile sold to Well Smart

Club Crocodile Hotel, the resort in Airlie Beach, has been sold to Singaporean group Well Smart Investment Holdings.

Owning the Mantra Terrace Hotel in Brisbane and the Ibis Budget Hotel Melbourne, Club Crocodile is the group's third hotel.

The sale was brokered by PRD Airlie Beach.

The 3.5-star Club Crocodile Resort was sold by David Kingston's Ocean Hotels for between $8 million and $9 million.

The resort features 161 rooms on a large freehold site close to the beach front and Abell Point Marina.

Resorts in Airlie Beach and the Whitsundays have recently had high occupancy levels. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Hotel Sale Airlie Beach

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