The Golden Door health retreats are for sale. Lasseters International has engaged Jones Lang LaSalle Hotels to sell Cypress Lakes and its other Golden Door health retreats. Lasseters says the strong Australian dollar and poor consumer confidence have had an effect on its revenues.
The retreats, which cost guest up to $3,500 for a week, have been listed by the Singapore-based casino operator.
The offerings comprise the Golden Door Spa and Health Club adjoining the Sheraton Mirage on the Southport Spit, the Golden Door at Salt south of Tweed Heads and the Golden Door Elysia and Cypress Lakes Resort in the Hunter Valley. The assets could fetch up to $30 million, it's been reported.
Lasseters, which owns the Alice Springs hotel-casino, gained a controlling stake in the listed Cypress Lakes group several years ago and has since moved to full ownership.
Expressions of interest are invited by Jones Lang LaSalle Hotels’ managing director – investment sales Australasia, Mark Durran, and senior vice president – investment sales, Peter Harper, who have been exclusively appointed to handle the marketing process.
The properties can be bought as a portfolio or individually.
The Golden Door at Willowvale was described by its 1993 founder Brian Looker as the world's best health resort.
An overview of the respective assets follows:
Cypress Lakes Resort, Hunter Valley, NSW – Situated on a huge 98 hectare parcel in the heart of the Hunter Valley, the Resort features three food & beverage outlets, extensive conference facilities across four venues, leisure facilities and a championship 18 hole golf course. There are also two large development sites as well as a cellar door (currently leased to Brokenwood) and five acres of grape vineyards. Guest accommodation is provided through the management rights of 146 strata titled villas. The property is currently branded as the Grand Mercure Apartments.
The Golden Door Elysia, Hunter Valley, NSW - Located adjacent to Cypress Lakes Resort, the purpose built health retreat is the largest of its type in New South Wales. Opened around eight years ago, it features a restaurant, four conference rooms, 26 treatment rooms, and an array of leisure facilities. Guest accommodation consists of 74 one, two and three bedroom villas which are leased from third parties.
The Golden Door at Salt Village, NSW - Situated in the heart of Salt Village, the purpose built two-level day spa features 15 treatment rooms and supporting facilities. Salt Village is a master planned beachfront residential and tourist village. Located adjacent to the Peppers Resort and within close proximity to the Mantra and Bale Resorts, the retreat is perfectly positioned to attract a range of market segments.
The Golden Door Willow Vale, Gold Coast, QLD – Established in 1993, the property occupies a large freehold rural allotment and comprises the leasehold interest in 35 privately owned strata titled villas which provide a total of 48 rooms. Guest facilities include a reception area, dining room, retail boutique, day spa, exercise room, gymnasium, tennis court and two swimming pools.
The Golden Door Spa & Health Club at Mirage Resort, Surfers Paradise, QLD – Forming part of the Sheraton Mirage Resort and opposite the popular Marina Mirage precinct comprises a single-level purpose-built facility which incorporates 12 treatment rooms, a retail boutique, gymnasium, 25 metre heated swimming pool and four tennis courts.
