21 Jan 2025
Words The Hotel Conversation

Iconic Mantra Nelson Bay sold by ResortBrokers

ResortBrokers has sold Mantra Nelson Bay on behalf of operator Saltwater Hotels & Resorts.

The stylish, 110-apartment family-oriented resort was purchased by Jeff Aquilina’s at Hotel Group.

at Hotel Group owns a portfolio of North Queensland resorts in Townsville, the Whitsundays and Airlie Beach, a number of which have been purchased through ResortBrokers. 

Saltwater Hotels & Resorts has previously sold other assets through ResortBrokers, including East West Motel Ceduna in Ceduna, South Australia, and Pavillions on 1770 in Agnes Water, Queensland.

Mantra Nelson Bay is at Hotel Group’s first acquisition outside its North Queensland stronghold.

“We received two offers at asking price within a week for this exceptional resort,” says ResortBrokers Greater Sydney agent Tim Mayoh who transacted the deal with fellow agent Jacqueline Featherby and Managing Director Trudy Crooks. 

“We were delighted to have assisted at Hotel Group add another property to its ever-growing portfolio.”

“Saltwater is handing over a superb asset. at Hotel Group was qualified both financially and operationally to take it on. The group has a successful track record of running some of North Queensland best resorts — an experience they’ll bring to Mantra Nelson Bay and put their own stamp on it.”

“Mantra Nelson Bay was the right property for us to expand beyond North Queensland,” says Jeff Aquilina, Founder & General Manager, at Hotel Group. “We have enormous confidence in the strength and resilience of Australia’s coastal markets, especially family resorts like Mantra Nelson Bay.”

“NSW’s North Coast was particularly attractive to us, being only 2.5 hours’ drive from Sydney. ResortBrokers has presented several great opportunities to us for North Queensland. When they came to us with Mantra Nelson Bay, we knew it was right for us.”