144 strata room hotel, 18 hole PGA championship golf course, 25 residential lots and a waste water treatment plant owned by the shareholders of Asset Resolution Limited. Hotel trading at 50% occupancy, golf course not viable and losses exceeding $1m per annum. Improved hotel, relaunched golf course and membership structure, close water treatment plant and successfully sold the asset at a premium to valuation.
Appointed over 104 rooms in a 414 room, 4.5 star hotel in Surfers Paradise. Limited market interest, cash flow positive but negligible returns. Sold some suites on an individual basis and then identified an off-market in one-line purchaser for the balance. Sold at a premium to valuation.