Malaysian multinational Mulpha Group will spend more than $100 million refurbishing its Hayman Island 166-room luxury hotel.
The resort will be rebranded as "Hayman Island, by InterContinental" after signing a long term management agreement with InterContinental.
Plans are in place to reopen the Whitsunday hotel in 2019 following Mulpha's significant investment to transform the island into one of Australia’s most luxurious lifestyle destinations.
Mulpha chief executive Greg Shaw welcomed the deal in continuing the successful IHG partnership.
“And (we) look forward to an exciting period of investment to reinforce our leading position in the Australian luxury hotel market,” Shaw said.
Hayman Island, located in the Whitsunday Islands, has long been known as one of the nation’s most luxurious destinations after it was constructed by Australian businessman and aviator Sir Reg Ansett in the 1950s.
The landmark agreement with Mulpha also sees IHG continue their long-term business affair managing both InterContinental Sydney and InterContinental Sanctuary Cove Resort.
IHG took over management of InterContinental Sanctuary Cove in 2012. The Sanctuary Cove resort, which will also undergo a refurbishment and upgrade, was the first InterContinental resort to open in Australia.
Mulpha lodged plans for a $200 million upgrade of its flagship InterContinental Sydney hotel overlooking Circular Quay, last year, marking the first major upgrade since its opening.
The addition of an event space, including a grand ballroom, will highlight panoramic views of Sydney icons, the Sydney Harbour Bridge and Opera House.
“Luxury travellers to Australia have long had an affinity with InterContinental Sydney and InterContinental Sanctuary Cove Resort, so we are thrilled to continue their legacy for many years to come,” IHG’s managing director Australasia and Japan Leanne Harwood said.
“What is particularly special is to now welcome Hayman Island to the IHG family. We could not be more delighted to continue, and strengthen, our partnership with Mulpha Australia as we pursue our expansion plans in Australasia.”
The Hayman Island hotel is the only property on the 400-hectare island, accessible via Hamilton Island and then by either boat or helicopter. In addition to the hotel, Mulpha will also be listing a bespoke collection of homes for sale.
IHG currently has 47 hotels operating under four brands across Australasia: InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express with a further 19 in the pipeline including Hotel Indigo and EVEN Hotels.