The Financial Review is reporting that some of the world's biggest hotel companies are vying to operate a new hotel proposal for Kangaroo Island.
Five top international hotel brands have made it to the shortlist of operators to manage the 115-room Dauncey Hotel in Kingscote, which has secured a permit and is due to begin construction shortly.
The hotel is being developed on land owned by Adelaide Hills winemakers the Amadio family, who have put the hotel project up for sale with a price tag of between $30 million and $35 million.
"We're in the process of selecting an operator after a strong response and now we're looking to secure an investor," Amadio Group spokesman Caj Amadio told The Australian Financial Review.
"The island is screaming out for this sort of accommodation. We've got the new airport with Qantas beginning flights but we currently don't have the capacity to take group bookings," Mr Amadio said.
The new hotel will comprise 115 rooms across five levels, all-day restaurant and lobby facilities, a rooftop function and bar area, a gymnasium, a state-of-the-art function space and meeting rooms.
Savills Australia's Rob Williamson and Vasso Zographou have been appointed to sell the hotel at Lot 502 Dauncey Street in Kingscote.
In other hotel development news, the Island Motel on nearby Telegraph Road, Kingscote remains for sale complete with approved DA for its redevelopment.
The Knight Frank company is handling the sale and a spokesperson said the Island Motel was still for sale “with some interest, but none immediate”.
The 8,490-square-metre site has been approved to accommodate 54 new units, comprising 29 chalet units, 25 terrace units, 2 VIP units, communal space, recreational and pool facilities, and 34 car spaces.