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Fire damaged Rowleys Bay Resort in Wisconsin is listed for sale at $2.15 million.

The property is in front of a public boat landing, has a waterfront view of the Mink River, and Rowleys Bay accesses Lake Michigan and Newport State Park and will be sold "as-is."

Before the fire, the resort had a 65,000-square foot main lodge, two- and three-bedroom suites, a restaurant, pub, and indoor pool.

Source: https://www.wbay.com/2023/10/27/rowleys-bay-resort-devastated-by-fire-listed-sale/

The Spotsylvania County Kalahari Resort will feature a 175,000-square-foot indoor waterpark.

The resort will offer 907 guest rooms and suites, a 175,000-square-foot indoor waterpark, dedicated children’s areas, a massive wave pool and surfing simulator, ten acres of seasonal outdoor pools, a 90,0000-square-foot Tom Foolery’s Adventure Park, featuring thrill rides, a ropes course, climbing walls, arcade games and more.

With over 150,000 square feet of meeting and convention space, Spotsylvania County Kalahari Resort aims to become a premier destination in the region and is expected to open in 2026.

Source: https://www.nbc12.com/2023/10/23/indoor-water-park-breaks-ground-spotsylvania-county/

(Bloomberg) -- Private equity firm Partners Group Holding AG has shown initial interest in Hamilton Island as the family owners of the holiday destination in Australia conduct a strategic review for the asset, according to people familiar with the matter.

Any deal would mark a new era for Hamilton Island, an icon of Australian tourism that was developed into a resort in the 1980s. The island comprises hotels and holiday homes as well as a golf club and a commercial airport, its website shows. It’s the only major developed island in the Great Barrier Reef. It costs about A$16 million ($10 million) a year to maintain the resort’s utilities and infrastructure including its own power house, dams and a reverse osmosis plant, according to a company fact sheet.

The buyout firm is studying the resort island for a potential bid, said the people, who asked not to be identified as the information is private. Partners Group and the Oatley family, who own Hamilton Island, have held preliminary discussions, the people said.

There’s no guarantee that a deal will happen and the Oatley family may decide to keep the assets for longer after a strategic review, the people said. There are also other parties potentially interested in the resort, they added.

Representatives for Partners Group and Oatley family’s investment office declined to comment.

Source: https://finance.yahoo.com/news/partners-group-shows-initial-interest-070505223.html

Wild Dunes Resort in Isle of Palms, South Carolina, plans to invest more than $8 million to upgrade both its Tom Fazio-designed golf layouts, the Links and Harbor courses. Completion of the projects is slated for October 2024.

Wild Dunes Links Course pre-renovation:

The work on the courses near Charleston will include rebuilding and resurfacing all the greens, among other efforts. The course renovations follow in the wake of more than $150 million in other resort renovations that included the addition of the 153-room Sweetgrass Inn.

Wild Dunes Harbor Course pre-renovation:


Source: https://golfweek.usatoday.com/gallery/wild-dunes-resort-renovation-golf-courses-links-harbor-south-carolina/

TwentyTwo Real Estate acquires Center Parcs Allgau from Batipart (DE)

TwentyTwo Real Estate acquired Center Parcs Allgau in Germany, one of the largest and most recent centre parks in Europe. The acquisition was made by TwentyTwo Real Estate Fund III and its affiliates from Lagune International, an investment vehicle managed by Batipart, and includes 750 of the site's 1,000 cottages as well as the main sports and leisure facilities.

Daniel Rigny, founder and CEO of TwentyTwo Real Estate, said: "This investment underlines our strong interest in leisure and destination hospitality, in particular in positive-impact tourism assets with a leading position in their local market. We are delighted to have acquired the major part of this property, which is Germany's leading branded hotel by revenue. This acquisition is also the largest single-hotel transaction in Europe so far this year.”

Source: https://europe-re.com/twentytwo-real-estate-acquires-center-parcs-allgau-from-batipart-de/72224

The transformation of Disneyland‘s Paradise Pier Hotel into a Pixar-themed hotel will be completed and open for business on Jan. 30, 2024, Disney has announced.

The Pixar Place Hotel will be the “first fully Pixar-themed hotel in the United States,” according to Disney. The hotel renovation is adjacent to the section of property that Disney is seeking to expand with DisneylandForward, the company’s 30-year plan for expansion and innovation in the area.

“Today hotel, theme park, retail and dining are all part of one immersive experience. Guests expect that the future of entertainment will seamlessly weave all uses together in ways that were hard to imagine more than 25 years ago,” Disney said.

Last month, the media giant unveiled a comprehensive plan to double its investment in theme parks to $60 billion over the next 10 years.

Source: https://deadline.com/2023/10/disneyland-pixar-place-hotel-opening-date-1235580949/

The Diriyah Gate Development Authority to spend $10 billion on Diriyah project in 2024

The Diriyah Gate Development Authority, the developer behind an ambitious plan to transform a historic Saudi town into a sprawling tourism destination, is set to splash out $10 billion on the project next year.

The $63 billion project at Diriyah, a Unesco World Heritage site northwest of Riyadh that was the ancestral home of the ruling family, is set to feature dozens of hotels and thousands of homes. The Diriyah Gate Development Authority spent $7.5 billion last year building out infrastructure at the 14 square-kilometer project, CEO Jerry Inzerillo said in an interview.

“It’s meant to be the largest pedestrian-friendly cultural heritage city,” Inzerillo said, adding that the first hotel is set to open this year. Funding so far has come from the government and foreign investors, he said. “I’ll spend $10 billion in 2024.”

Source: https://gulfnews.com/business/markets/saudi-developer-to-spend-10-billion-on-diriyah-project-in-2024-1.98968532