K'gari resort set to be sold to US travel giant
K'gari's Kingfisher Bay Resort is set to be taken over by US-owned "experiential tourism" giant Journey Beyond.
The award-winning Kingfisher Bay Resort, operated by Australian tourism company Kelsian Group, is set to be sold to US-based Journey Beyond for $145.8 million. The sale, approved by the Australian Competition and Consumer Commission, is part of Kelsian Group's portfolio of 15 tourism operations. Kelsian Group's owner, private equity firm Crestview Partners, already manages notable attractions like Ghan and Indian Pacific railways, as well as Ayers Rock Resort.
The resort's traditional owners, the Butchulla people, expressed optimism in working with the new American owners, emphasizing the importance of constructive collaboration on their ancestral land. Professor Daniel Gschwind from Griffith University University Institute for Tourism noted the significance of genuine engagement with First Nations people in enhancing the tourist experience and achieving lasting benefits for all stakeholders.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
