Miscellaneous resort projects
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(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/

October 13, 2023 Margaritaville Fort Myers Beach Resort Construction Progress

Multinational firm Merlin Entertainments - which owns the theme park and dozens of others - aims to place its new venture in Kingston upon Thames, making it the capital's first.

Plans submitted to Kingston Council by Merlin Entertainment show the firm hopes to make the first-of-its-kind water park a serious Centre Parcs competitor with an impressive offering of pools.

Source: https://www.express.co.uk/news/uk/1823277/chessington-water-park-Centre-Parcs-m25

More Balcony Doors Added as Construction Progresses on DVC Tower at Disney’s Polynesian Village Resort

Source: https://wdwnt.com/2023/09/disneys-polynesian-village-resort-dvctower-doors/ & https://wdwnt.com/2023/09/photos-interior-walls-take-shape-on-new-disney-vacation-club-tower-at-disneys-polynesian-village-resort/

Construction work has resumed on Jeddah Tower in Saudi Arabia, a skyscraper designed by Chicago-based studio Adrian Smith + Gill Gordon Architecture, which is expected to become the world's tallest building.

Jeddah Tower will hold a Four Seasons hotel, residences, offices as well as the world's highest observation deck on a constructed building. The first images of the prospective tower were released in 2011, and ground was broken in 2013, but the project has been harried by constant starts and stops.

Source: https://www.dezeen.com/2023/09/22/construction-restarts-jeddah-tower/

Silverstein Properties, a prominent real estate development company in the United States, has unveiled plans for a groundbreaking project in New York City. The company has proposed a new skyscraper called Avenir, which will not only feature residential units but also a hotel and casino, making it a unique addition to the Manhattan skyline.
The Avenir will span a vast area of 1.8 million square feet (168,000 square meters) and will be located at the intersection of 41st Street and 11th Avenue, in close proximity to the renowned Jacob K. Javits Convention Center. This prime location ensures easy accessibility for visitors attending conventions and events at the convention center.

The development plans include 1,000 luxury hotel rooms, an eight-story casino, a gaming and entertainment complex, and various dining options. Furthermore, the project is designed to prioritize affordable housing, with over 100 apartments dedicated to being 100 percent permanently affordable. These units will be made available to New Yorkers through the city’s housing lottery system.

Sources: https://www.silversteinproperties.com/developments/The-avenir & https://www.breakinglatest.news/entertainment/silverstein-properties-reveals-plans-for-avenir-new-yorks-double-skyscraper-with-hotel-and-casino/

The KwaZulu-Natal North Coast will soon be home to South Africa’s first Club Med holiday resort in an investment that will be more than R2 billion. Construction of the luxury leisure resort, Club Med Tinley, will begin next year, and will open its doors in the beach town of Tinley Manor in 2026.

Source: https://www.iol.co.za/news/look-luxury-leisure-resort-club-med-coming-to-south-africa-and-its-home-is-in-kzn-df474aaa-9ebf-49d5-bcfd-25d27031256a