Projects - Distressed Assets

Outrigger Resort Hotel

Receivership of underperforming hotel units


  • Tourism and hospitality
  • Appointed to 104 rooms
  • Outrigger Resort, Gold Coast, Qld
  • Agent for financier
  • Senior Debt ($20m)


  • 404-room 4.5-star hotel in Surfers Paradise, Gold Coast. Built in 1986, extensively refurbished in 2014
  • The majority of the 414 hotel rooms were under external administration, however many rooms had been recently sold
  • Limited market interest by various parties, for a one-line sale
  • Cash flow positive. New management appointed (Outrigger)


  • Managed income and worked closely with Outrigger
  • Sold some suites on an individual basis
  • Identified off-market one-line purchaser for balance


  • All hotel suites were sold at a 14% premium to valuation within 6-months.

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