Monday 26 March 2018
SeaLink Travel Group (ASX:SLK) (SeaLink) today announced the completion of the acquisition of the assets and operations of the Fraser Island Kingfisher Bay Resort Group (“KBRG”) on Fraser Island, Queensland, for $43 million from Cosmos Australia Pty Ltd, with all customary conditions precedent having been addressed.
SeaLink Managing Director, Mr Jeff Ellison said, “We are all systems go and are ready for the Easter break. We are very much looking forward to working with the terrific management team on Fraser Island, led by David Hay, to further develop the full potential of this truly iconic location. David and his team have done a great job of enhancing the visitor experience on Fraser Island in recent years, and we share the same vision for its future growth. From our perspective it’s all about positioning this remarkable place as one of Australia’s leading eco-tourism experiences.”
The SeaLink Fraser Island acquisition comprises four distinct, profitable and well-established tourism and transport operations - Kingfisher Bay Resort, Eurong Beach Resort, Fraser Explorer Tours and Fraser Island Ferries. It accounts for 90 per cent of accommodation rooms on Fraser Island.
For more information please call:
Michael Hughes, Commercial Director, 0438 993 898
Helen McCombie, 0411 756 248