South Molle

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<p>Daydream Island owner China Capital Investment Group has secured South Molle Island in the Whitsundays in the Great Barrier Reef for about $25 million.</p>
<p>The leasehold tropical island was sold by long-time owner and tourism identity Craig Ross.</p>
<p>It has 12 hectares of developable beachfront land and an existing 188-room resort.</p>
<p>The island offered the potential, according to the information memorandum, to develop a 1300-room resort, subject to planning approval.</p>
<p>The Shanghai-based China Capital Investment Group secured the Daydream Island (West Molle) Resort and Spa last year from Nature's Own founder Vaughan Bullivant for about $30 million. The 4.5-star resort has 296 rooms and suites.</p>
<p>The company was founded by Chuanyou Zhou, the chairman and CEO. Its invests in the mining industry, real estate and infrastructure.</p>
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South Molle

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