MEDIA UPDATE
25 August 2009
FITZROY ISLAND RESORT TO BE SOLD
Ferrier Hodgson partner Mr Greg Moloney, Receiver of the Fitzroy Island Resort, has today
announced that the assets of the Resort will be offered for sale with vacant possession.
The exact timing and process of the sales campaign is currently being assessed and the
Receivers expect to make a further announcement in the near future. In the interim the
Resort will remain closed to guests.
Mr Moloney described it as “a unique opportunity for an experienced hospitality or tourism
operator to take advantage of the significant resources that have been invested in the Resort
facilities and essential infrastructure.”
The Resort, located 30 kilometres off Cairns in Far North Queensland, has been closed to
guests since entities associated with the developer, the Hunt Group, went into receivership
in April.
ENDS