Peppers Airlie Beach back on the market

Peppers Airlie Beach in the Whitsundays has been put back on the market by receivers.

The sale includes management rights as well 59 of the 106 strata apartments in the complex and the resort’s facilities including reception, restaurant, meeting and conferencing venue and a day spa.

The 4.5-star resort was built by Latitude Development Group in 2009 for $80 million. A deal to sell to US hotel company Wyndham for $20 million fell through in 2016 after Latitude was placed in the hands of receivers McGrathNicol.

“The Whitsundays’ region has been the subject of renewed investor interest thanks to a strong rebound in tourist arrivals post Cyclone Debbie, and the reopening of island resorts, including Intercontinental Hamilton Island and Daydream Island,” said selling agent Hayley Manvell from CBRE Hotels.