Distressed Assets Media Centre
19 March 2010
Iconic resort for sale by tender
Source: Batemansbaypost.com.au
The liquidation sale of an iconic slice of South Durras paradise has stirred the interest of park operators and investors from around the country.
Murramarang Resort has been in receivership since May last year, when its owners of two years were hit by the financial slowdown.
When Mariner Coastal Investment Fund was placed into receivership, Grant Thornton was the company appointed to manage the interests of Murramarang Resort, Myall Shores Resort on the NSW North Coast and Nestle Inn Tourist Village at Brisbane.
“It is in the interest of all involved for the resorts to carry on with business as usual,” a spokesman from Grant Thornton said at the time.
“Our priorities are to preserve the strong visitor experience offered by these properties and to assess likely market interest in the resort. We wish to reassure guests in particular that their stays should be entirely unaffected.”
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