David Kingston has put the Long Island Resort in The Whitsundays up for sale for $5 million less than he previously wanted in 2016.
Three years ago, the resort was marketed at $20 million, however it has been relisted for $15 million.
The Whitsundays has seen a resurgence of late, with China Capital Investment Group splashing $100 million on the refurbishment of nearby Daydream Island resort while the Intercontinental Hayman Island Resort is set to open after a $100 million ground up refurbishment.
Long Island’s boutique eco resort Elysian Retreat also opened this year following a major property renovation.
The 172-room resort was originally developed by Contiki, but Kingston has owned it for the past 20 years under his Ocean Hotels portfolio, which has engaged PlusArchitecture to prepare plans which include 44 luxury villas, a spa, a restaurant, lounge bar and an infinity pool overlooking Happy Bay.