Press Release from Gatehouse Hospitality:
Gatehouse Hospitality’s capital financing division has been appointed to assist in facilitating a debt partner for Surf Lakes Capricorn Coast, a subsidiary of US-based Surf Lakes Global.
Gatehouse’s capital financing team, led by Anthony Ries, will arrange a tailored debt financing solution and advise Surf Lakes on project financing for its state-of-the-art wave pool and integrated masterplan in central Queensland.
The development approved 37.18-hectare site will include a commercially upgraded Surf Lake capable of delivering 2000 rides per hour with waves up to 2.6m in height. The first stage of the development will deliver a resort featuring cabin lodging, dining, wellness, spa and yoga facilities, with scope for future development outlined in Surf Lakes’ approved site masterplan.
“We are thrilled to partner with Surf Lakes Capricorn Coast to bring its world-first surf technology to life,” Gatehouse Hospitality chief financial officer Anthony Ries said.
“Our team is committed to arranging a customised debt financing solution that will ensure the success of this innovative project.
“This appointment showcases Gatehouse’s dedication to driving growth and innovation in the global hospitality industry.”
The 37.18ha site will include Surf Lakes’ patented wave pool, resort and renewable energy facilities, tourist park and short-term accommodation. Image: Surf Lakes Capricorn Coast.
The Yeppoon facility is already home to a full-scale prototype of Surf Lakes’ wave pool technology and has secured full local and state government development approvals. Surf Lakes unveiled new concept designs earlier this year.
Surf Lakes Capricorn Coast chief executive Lewis Glynn said that the appointment marks the next step towards construction, which is on track to commence later this year.
“We are thrilled to announce our appointment of Gatehouse Hospitality to the Surf Lakes Capricorn Coast project,” Lewis Glynn said.
“Anthony [Ries] and I have been working closely over the past few months to bring this partnership together formally.
“Gatehouse brings a unique capability with a proven track record in resort finance, advisory, asset management and operations.
“Their wealth of expertise positions us for an exciting and fruitful partnership.”
Contact us to learn more about how our market-leading capital financing team can assist you.
About Surf Lakes Global
Surf Lakes Global, Inc. is a US-incorporated company that provides a unique wave-generating device and bathymetric reef designs to wave park project developers around the world. Surf Lakes is developing a portfolio of licensee partners across the globe, implementing its technology into various unique destination designs. Surf Lakes’ mission is to create a healthier world through surfing communities and technology.
About Gatehouse Hospitality
Gatehouse Hospitality (‘Gatehouse’), headquartered in Melbourne, is a leading independent advisory and management firm specialising in the hotel and hospitality sector. Noted for its contribution to industry practices and benchmarks, Gatehouse offers comprehensive solutions that maximise asset value and operational efficiency for property owners, investors and their stakeholders. Gatehouse Hospitality has a growing international presence and offices in Melbourne, Sydney and Tokyo.
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