Kooralbyn Resort set to become nature-based tourism and wellness retreat

The Kooralbyn Resort on the Gold Coast hinterland is to be transformed into a nature-based tourism and wellness retreat.

Closed since 2008, the former home of Australia’s Public Venue Management School, has been purchased Yong Real Estate group founder Peter Huang. Huang plans to ivest in the resort and its golf course in a bid to make it an attractive destination both for domestic and overseas travellers.

Huang bought the resort for an undisclosed amount, with a confidentiality agreement in place.

According to a report in Brisbane newspaper The Courier Mail, Huang estimates  that once it is returned to its former glory the resort will be worth between $300 million and $3 billion, depending on the market and scale of the master plan.

Huang has previously announced plans to transform it into a nature based-tourism and wellness retreat with up to 70 different recreational activities incorporating skydiving, hot air ballooning, gliding, potential charter flights through the resort’s private airport as well as the championship golf course and polo field.

Other activities set to be added include sheep shearing displays, gold panning, the Garden of Eden incorporating a vineyard, flower farm, fruit farm, vegetable farm and a native Australian animal experience including koalas, kangaroos, crocodiles and native birds.

A sports centre with facilities for beach volleyball, basketball, netball, table tennis, badminton, football, rugby, cricket, yoga, and Tai Chi is also planned, alongside sport fishing and water activities.

The resort will be branded as the Ramada Kooralbyn Resort and be run by the Wyndam Hotel Group.

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