Facilimate Hotels continues expansion with acquisition of Coral Cay Resort

Facilimate Hotels has acquired the 82 room Coral Cay Resort in Mackay, Queensland bringing its Australian portfolio of hotels to six.

“Our investment strategy is driven by the desire to purchase attractively priced hotels with vacant possession in key cities and regional markets,” said managing director Stephen Lauder.

“Then with a refurbishment, new sales and marketing approach and centralising support services we are able to reposition the hotel.”

Coral Cay Resort will be the first regional property in the group and is well situated between the Group’s Pacific Hotel Brisbane and Pacific Hotel Cairns to offer the company more of a stake hold in the growing Queensland market.