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Tassie’s Cradle Mountain Lodge for sale

TASMANIA’S famed Cradle Mountain Lodge, named one of Lonely Planet’s ‘Top 10 Most Extraordinary Places To Stay’, has been listed for sale by the ASX-listed Elanor Investors Group.

The luxury lodge is positioned on an 11.4-hectare landholding on the edge of the UNESCO World Heritage-listed Cradle Mountain-Lake St Clair National Park, around two hours’ drive from Launceston.

The lodge features 86 cabins and spa suites with views of the surrounding wilderness, as well as two restaurants and a day spa, and boasts a paddock to plate philosophy, sourcing most of its produce from within a 160km range.

The divestment follows an extensive two-year $10 million refurbishment, resulting in upgraded central fireplaces, outdoor spa baths and restaurants, plus the implementation of several new sustainable practices such as beehives to increase the local bee population and produce honey for guests.

Marianne Ossovani, Elanor Investors Group’s Head of Hotels, Tourism & Leisure, said the group was prompted to list the property after being approached with several off-market enquires by interested parties following the renovations.

CBRE Hotels’ Wayne Bunz has been appointed to manage the International Expression of Interest campaign on behalf of Elanor Investors Group, with submissions invited by 21 October.

“Cradle Mountain Lodge is a significant tourist drawcard, for domestic and international travellers alike,” Bunz enthused.

“More and more travellers are seeking out destinations with a focus on eco-tourism, health and wellness and sustainability, and are willing to pay a premium for these experiences.”

Bunz expects that the property’s coveted global reputation, capital appreciation, proven income flow, and the scarcity of opportunities to purchase similar ‘once-in-a-generation’ assets will attract a high level of interest.

Cradle Mountain Lodge is operated under Accor’s Peppers brand with the benefit of a Franchise Agreement, with vacant possession available upon sale.

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