"The names of the new owners of Lindeman Island, about 15km south of Hamilton Island in north Queensland, have not yet been revealed but CBRE Hotels confirmed the tropical paradise was been snapped up for just $10million.
The 136-hectare property was previously bought by Chinese tycoon William Han's White Horse Group for $12million in 2012 after the island's French-owned Club Med closed earlier the same year, according to the Australian Financial Review ...
The new owners also have not yet revealed their plans for the abandoned resort but it's believed they will takeover White Horse Group's proposed renovation.
The $583million plan was submitted to the Queensland Government for approval in 2015 and was expected to generate 300 construction jobs and 300 jobs within the new resort.
White Horse's proposal included a five-star beach resort, six-star spa resort, a five-star eco resort and a four-star tourist villa with facilities including a bar, nightclub, shops, airstrip, golf course and restaurants. The plan is currently listed as approved with conditions on the government's website.
The latest sale continues a trend of Queensland islands changing hands in the last 18 months."
(Source: 6 April 2023)
See also:
Work Begins On Lindeman Island Redevelopment (11 April 2024)
Lindeman Island revitalisation project underway (13 March 2024)
The name of the new owner is Well Smart International Investment PTE. LTD.
Well Smart lists $180m hotel as sector wakes from 2-year slumber (9 March 2022) See reference to the Airlie Beach Funnel Bay project, which is in relatively close proximity to Chesapeake Estate.