Resort

It’s that time of year when many of us returning to the hum drum of office life contemplate a world without a commute and dream of becoming our own boss.

The Bangkok-based Minor Hotels Group has bought into Far North Queensland in a deal worth about $19 million, acquiring the former QT Port Douglas from Event Hospitality.

Sydney funds manager Mandala Asset Solutions has snapped up the Knotts Crossing Resort in Katherine, Northern Territory, paying $7.61 million.

Byron Bay, the hippie retreat turned billionaires’ playground on the NSW north coast, has become the place where Australia’s wealthiest are heading to open luxury resorts of their own.

Singapore-based luxury resorts operator Banyan Tree has won the management rights to operate Lindeman Island while builder Watpac is said to have snared the construction contract for a $600 million redevelopment of the island in Queensland’s Whitsundays. 

The holiday season is fast approaching and there is no better time to dream about business opportunities outside the box.

A developer’s decision to withdraw plans for a $50 million eco-resort atop Rosny Hill has been hailed as a win for people power — but it’s certainly not the end for the project.

Why buy a house, when you can buy a resort?

The Chinese-controlled Club Med is looking to regain its foothold in Australia’s tourism industry after exiting Queensland’s Lindeman Island six years ago.