Processing timeline
21
days
Acquirer(s)
DISCOVERY HOLIDAY PARKS PTY LIMITED ABN - 50 111 782 846
Target(s) or Vendor(s)
Eco Camp Pty Ltd as trustee for the MCB Trust ACN - 615 432 016
Other parties
Discovery Parks Holdings Pty Limited ABN - 61 127 847 269, Discovery Parks Investments Pty Limited ABN - 84 127 847 303, THE TRUSTEE FOR AUSTRALIAN RETIREMENT TRUST ABN - 60 905 115 063
Discovery Holiday Parks Pty Limited, a subsidiary of Discovery Parks Holdings Pty Limited, is acquiring the business of operating and managing Habitat Noosa Everglades Eco Camp from Eco Camp Pty Ltd. This asset acquisition expands Discovery's tourism and hospitality offerings, including accommodation, food and beverage, and eco-tours, into the Noosa region.
Discovery Holiday Parks Pty Limited ( Discover Holiday Parks ), a wholly-owned subsidiary of Discovery Parks Holdings Pty Limited ( Discovery Parks Holdings ), proposes to acquire the business of operating and managing "Habitat Noosa Everglades Eco Camp" ( Habitat Noosa ). Habitat Noosa is an integrated hospitality business comprising accommodation options for backpackers, couples and families; a 200 seat bar and bistro with an on site micro brewery; and Noosa Everglades eco safari boat tours. Associated brands include Everglades Eco Safaris, Kangarooms Noosa Everglades, Eco Brewing Co and Coothara Bar. Discovery Holiday Parks, under its trading names Discovery Parks and Discovery Resorts, owns and operates over 90 accommodation offerings throughout Australia. Discovery Holiday Parks provides short-stay holiday accommodation, worker accommodation, and long-stay accommodation, as well as tours and food and beverage services within the tourism and hospitality industry. Discovery Holiday Parks does not have a presence in Noosa, Queensland or on the Sunshine Coast – its nearest property is in Hervey Bay.