Huang looks to offload Ramada Resort Kooralbyn Valley

The 132-room Ramada Resort Kooralbyn Valley has been put to market.

Ramada Resort Kooralbyn Valley sits on 1500 hectares, with owner Peter Huang saying the resort has a potential end value of up to $2 billion with a masterplan for a retirement village.

Huang acquired the original site during the lowest point of the financial crisis, and has since invested tens of millions of dollars into the resort's renovations and operations and bought extra land.

The resort includes a 230-seat restaurant, 240-seat convention centres, three outdoor wedding venues plus The Pavilion Tavern and a private airport, terminal building and international school buildings, with all the properties offered for sale in one line or individually.

"It's truly the one and only corporate asset in Australia ideal for potential public listing or as an addition to a successful investor or fund manager's existing portfolio," Huang said.

"The selling price of the whole portfolio could be much less than the recent sales of the much smaller 25-room Beach Hotel Resort at Byron Bay on 4,585sq m of land or the 145-room Vibe Darling Harbour."

The property is for sale by international tender closing on April 22.

Sheridan Randall, 13^th March 2020