A resort in the Byron Bay hinterland co-owned by Olivia Newton-John will go up for sale this week, with agents Colliers expecting an "influx" of interest in the property.
The Gaia Retreat & Spa, an internationally acclaimed lifestyle retreat overlooking Byron Bay's coastline and situated in the town's hinterland, will hit the market later this week.
Colliers' Karen Wales and Gus Moors have been appointed to market the retreat on behalf of co-owners Gregg Cave, Ruth Kalnin, Olivia Newton-John and Warwick Evans ('G.R.O.W.').
The retreat itself offers 22 rooms, an expansive day spa and a restaurant set on over 8ha of land. The sale also includes two adjoining residential titles across more than 4ha with expansive district views.
"Since opening in 2005, Gaia Retreat & Spa has hosted many treasured and special guests who have become part of the Gaia family," Wales said.
"This loyal customer base has high repeat visitation, which has helped to make Gaia a highly profitable business over an extended period of time.
"Unlike many other Australian luxury retreats, Gaia is easily accessible from the domestic and international airports of Ballina and Gold Coast, thereby ensuring year-round demand."
On behalf of Gaia Retreat & Spa, Olivia Newton-John said the last 16 years of operating the resort had been "blessed".
"Having won so many humbling and outstanding awards, we have decided it is time to "pass the baton" to new custodians so they can continue our positive message that Gaia is 'your timeout to reconnect, breathe and surrender'," Newton-John said.
"It's bittersweet, but as a team, we always agreed that we would 'go out on top' and we couldn't be more proud of the Gaia we have built with our incredible family team.
"We will miss our wonderful guests and amazing staff who have all been a huge part of making Gaia such a special magical place. Thank you all for making the dream of Gaia come true."
Colliers expects a flood of interest from a diverse range of potential buyers, from global and international hotel investors to private investors with an interest in sustainable, barefoot luxury tourism and wellness.
"The current owners wish to entrust their custodianship to likeminded visionaries who are inspired to continue their 'G.R.O.W.' ethos – Gratitude, Respect, Organic, Wellness," Moors said.
"Highly profitable luxury retreats are rarely traded, given the strong combination of excellent cashflow and enviable lifestyle offering.
"The opportunity to secure such a large, tourist-zoned site in the pristine hinterland of Australia's highest growth tourism region overlooking the coastline of Byron Bay will never be replicated."
Gaia Retreat & Spa is licensed to hold functions for up to 100 guests and also includes a wide range of recreational facilities including a day spa with 10 treatment rooms (14 beds), salt water heated swimming pool, sauna and spa, yoga room, fitness centre, tennis court, two organic vegetable gardens, walking tracks and an outdoor fire pit.
Business News Australia
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