Rumba Resort Caloundra and Oceans Resort Hervey Bay management rights sold for $15m

The management rights of two landmark oceanfront resorts on the Sunshine Coast and Fraser Coast, Oceans Resort Hervey Bay and Rumba Resort Caloundra, have sold for a total of close to $15 million, brokered by Glenn Millar of Resort Brokers Australia.

Specialist agency Resort Brokers confirmed the multi-million dollar sales of Oceans Resort and Spa Hervey Bay and Rumba Resort Caloundra, both handled by Sunshine Coast broker Glenn Millar.

Global hotel group Minor Hotels has bought the rights to the Hervey Bay resort from Oceans Queensland, a leading private operator associated with the former managing director of channels Nine, Seven and Ten, Gary Rice.

The seven-storey, 128-unit complex on Charlton Esplanade will be operated under Minor Hotels’ Oaks Hotels & Resorts division, as Oaks Resort & Spa Hervey Bay.

It is the second time Mr Millar has sold the management rights to the prime property, which was originally launched in 2007 as Peppers Pier Resort.

“I had previously handled the sale from Mantra Group to Oceans Queensland in 2014, so I knew the complex intimately and am pleased to now see it pass to top flight operators Oaks and Minor Hotels,” Mr Millar said.

“Resort Brokers has had a long association with Minor Hotels and has been closely involved in their expansion in Australia through a number of significant acquisitions here in Queensland, on the Gold Coast and in Melbourne.

“The Hervey Bay complex is an exceptional hotel-style property and the management agreements are such that it can operate as a full service resort with an exceptional range of recreation, spa, conference and hospitality facilities on site,” he said.

Gary Rice’s Oceans Queensland, also the former operator of Landmark Mooloolaba, Oceans Mooloolaba and The Rise Noosa, still runs the upscale Breeze Mooloolaba Resort.

At Caloundra, the award-winning Rumba Resort has been bought by SC Resort Management, headed by former On The Beach Noosa operators, Benn and Leslie Wilson.

The price paid for the rights to the 5-star beachfront resort and associated real estate was also not disclosed.

The property was sold through Resort Brokers by Village Management Corporation, associated with high profile Sunshine Coast business and tourism industry identity, Bill Darby, in partnership with Bob Buckland and Mark Hall.

Opened by Village Management Corp in 2009, the premium five-level, 74-unit Rumba Resort took out the top Sunshine Coast Tourism Accommodation Award in 2014, 2015 and again in 2016, also achieving bronze and silver awards at State level.

Mr Millar said the management rights sale included a two-bedroom unit and a 387sq m commercial lot incorporating the 26° Bar + Venue, conference rooms and kitchen.

Rumba Resort, on beachfront Leeding Terrace, is Caloundra’s only 5-star resort, with two low rise towers wrapping around two swimming pools, an elegant foyer, mix of luxury one, two and three-bedroom apartments, and high-end leisure amenities.

“With an impressive trading history, high annual occupancy exceeding 80 per cent, and robust net income, this is a true blue chip operation that attracted very strong interest,” Mr Millar said.

“It’s great to see it sold to an experienced local Sunshine Coast operator.”

Mr Millar said the appetite for quality, large-scale resort management rights was strong, particularly on the Sunshine Coast where major infrastructure investment and a thriving visitor economy were driving demand.



waterfront resorts, Caloundra

ABN:47 868 541 723

Mobile:  0458 091 336

Skype: RobertCWoodgate


Event Members:  21,819

LinkedIn:  8,292 Event Followers

LinkedIn for Events

Twitter:   familclub

Join Familclub here

Creating Business for the Event Industry

Familclub accepts Credit card, Paypal, Barter and Monthly Terms

100% Australian



From $100

Credit cards