Browsing Golf Industry NewsVIEW ALL

Chinese investor buys major Capricorn Coast resort

POSTED ON April 5, 2018 @ 4:48 pm

A CHINESE businessman has bought a major Capricorn Coast resort, signalling a new direction for tourism in the region.

Knight Frank Rockhampton Principal Pat O’Driscoll sold the Keppel Cove master planned mixed use tourism and residential development to Ding Zuo Hong from Jiangzu China.

The development was the brainchild of former British earthmover, builder and resort owner Chris Dadson and his wife Rita.

Mr Dadson moved to the Capricorn Coast in 1989 and saw the opportunity to develop a township at Zilzie Bay.

In 2010, Mr Dadson told The Morning Bulletin he saw a “mini city” when he purchased the 406 hectares of beachfront land on Svendsen Road.

The Keppel Cove resort, about 45km from Rockhampton, covered 215 ha with substantial infrastructure.

Mr and Mrs Dadson sold the property, which includes an 18-hole golf course, substantial clubhouse and conference and wedding facility, lakes system and residential allotments, to Ron Bakir.

The facility has been closed since about 2014.

New owner Mr Ding is a respected entrepreneur and businessman in China, starting his career making fine furniture which was the commencement of his growth into various industries including tourism.

“Mr Ding was invited to visit Rockhampton and the Capricorn Coast by friends for a holiday and fell in love with our region, our weather, our natural geographical beauty, clean air and water,” Mr O’Driscoll said.

“He enjoyed the fishing and boating trips around Great Keppel Island and has returned to the island four times.

“Now four years later after investigating and inspecting all opportunities, his company has now completed the acquisition of Keppel Cove.

“The intention is to upgrade the golf club with hotel component and expand the resort precinct and continue to develop the residential offering over the coming years.

“Mr Ding also commented that the local councils especially Mayors Ludwig and Strelow and the local communities have made him feel most welcome and he is excited about the future in our region.”

Livingstone Shire mayor Bill Ludwig said the investment would be a catalyst for revitalising the coast’s tourism market.

He praised the Dadsons for their vision and years of commitment.

Source: The Morning Bulletin

Comments are closed.


CLICK HERE TO Sign Up for the GIC Newsletter for all the latest Industry News.

Golf Ball Recycling: Golf has Always Been More Than Just a G...

In Scotland, where golf was born, courses were...

Golf Ball Recycling and Golf Industry Central Partner to pro...

Golf Ball Recycling (GBR), a world first full-cycle...

IN PROFILE: The Journey of Des Topp

  *Editor Mike Orloff sat down with Des...

59club AU/NZ Announces Nominees for the 2026 Service Excellence A...

SYDNEY – 59club Australia & New Zealand has officially unveiled the nominees for its 3rd Annual Service Excellence Awards. The accolades recognize...

Japan’s XEBIO Eyes Move to Acquire Drummond Golf by 2027...

Japanese sporting goods giant XEBIO Holdings Co., Ltd. announced it has approved key terms to acquire 100% of the shares of Drummond...

Planning Panel Overturns Recommendation of Long Reef Golf Club Re...

The Northern Beaches local planning panel has unanimously rejected a $21 million redevelopment proposal for Long Reef Golf Club, despite the project...

Golf Ball Recycling and Golf Industry Central Partner to promote ...

Golf Ball Recycling (GBR), a world first full-cycle golf ball recycling company, and Golf Industry Central, the region’s leading B2B golf news,...

The Business of Golf – Africa’s Premier Golf Business Pub...

This month’s cover image is not the usual type we use in BG Magazine, especially as it relates to...

Golf Recruitment Central Expands Reach with Global Talent Solutio...

Golf Recruitment Central (GRC), the leading golf industry job board and recruitment services for Australia/New Zealand, and Global Talent...

Japan’s XEBIO Eyes Move to Acquire Drummond Golf by 2027...

Japanese sporting goods giant XEBIO Holdings Co., Ltd. announced it has approved key terms to acquire 100% of the...

Southeast Asia’s Golf Equipment Market Sees Explosive 533% ...

SEA golf trade value is skyrocketing by 533%, driven by a shift to premium gear. Despite fewer buyers, hubs...

59club AU/NZ Announces Nominees for the 2026 Service Excellence A...

SYDNEY – 59club Australia & New Zealand has officially unveiled the nominees for its 3rd Annual Service Excellence Awards....

Boulcott’s Farm Heritage Golf Club Undergoes Continued Major Re...

Boulcott’s Farm Heritage Golf Club is currently undergoing a significant redesign of six holes to unify the course’s aesthetic...