The 170-room Oaks Resort Port Douglas adds to parent company The Minor Group’s growing portfolio in Port Douglas, which includes The Oaks Lagoon property and Coffee Club outlet.
“Port Douglas is a key domestic market for us, and while we already have a strong presence in the region with sister property Oaks Lagoons, we see the two properties as each having their own unique offer and providing guests with diverse accommodation options from which to explore the region,” said Craig Hooley, COO of Minor Hotels – Australia and New Zealand.
“The addition of Oaks Resort Port Douglas will perfectly complement our existing brand portfolio of 56 hotels nationally and we look forward to welcoming guests to this vibrant resort under our new management.”
The former QT Port Douglas had been on the market for the last six months, with parent group Event Hospitality and Entertainment on record as saying the hotel was no longer the right fit for the brand.
It is believed Minor Group paid almost $19 million for the hotel, making it quite the bargain as it is well below the $20.6 million Event Hospitality and Entertainment paid for it back in 2009.