One of Australia’s largest private investment groups, Western Australian firm Tattarang, has acquired Margaret River’s Cape Lodge Hotel.
Owned by mining multi-billionaire Andrew ‘Twiggy’ Forrest, Cape Lodge Hotel joins the businessman’s expanding collection of Australian luxury tourism assets within the Z1Z stable which includes the purchase of both Gaia Retreat & Spa in the hills of Byron Bay, NSW in October and Lizard Island on Queensland’s Great Barrier Reef last month.
Set on 40 acres of expansive lawns, gardens and vineyards, Cape Lodge is a significant landholding in the heart of one of the world’s most acclaimed wine regions, centrally located to the town sites of Margaret River, Dunsborough and Yallingup in Western Australia.
Opened in 1993 as a six-room luxury bed & breakfast, the Lodge underwent an extensive renovation and upgrade in 2003 to evolve into one of the finest accommodation offerings in the Margaret River region. Today Cape Lodge is considered one of the top lodge hotels in Australia. Like Lizard Island, Cape Lodge is a member of the Luxury Lodges of Australia.
The property features 22 secluded rooms and a five-bedroom luxury private residence as well as a range of dining, leisure and conference facilities, and the Cape Lodge Restaurant.
The acquisition by Tattarang includes an 8-acre private vineyard that produces premium Sauvignon Blanc and Shiraz exclusively for the Hotel.
“We see significant opportunity to further develop the core guest experience at Cape Lodge, including the potential integration of premium wellness services and a refocusing of the vineyard resources, which can further underwrite a global quality lifestyle precinct in the heart of Margaret River,” said Tattarang Chief Investment Officer John Hartman.
Hartman said the Group’s property division, Fiveight, had acquired the hotel, with its lifestyle division Z1Z to deliver all hotel and associated operations. The property has been owned by Peter and Joelle Larsen for the last 14 years.
Dr Larsen said he was excited to see the future evolution of the marquee property under Tattarang’s ownership.
“While selling this iconic property is bittersweet for us, we are very pleased to know the Lodge could not have more suitable and capable custodians than the Forrest family who will be able to take the guest experience to even higher levels of performance across all aspects of its operations,” Dr Larsen said.
Simone Furlong, Co-CEO of Margaret River’s iconic Leeuwin Estate, welcomed Tattarang’s purchase of Cape Lodge.
“It is fantastic to see Andrew and Nicola Forrest invest in our region as Western Australia prepares to welcome back visitors from across the country and around the world. With outstanding wineries, spectacular beaches and an incredible environment to explore, Margaret River over-delivers as a world-class destination for tourists and the Forrests’ investment in Cape Lodge further underscores what a globally-unique offering our region represents,” Furlong said.
Z1Z’s portfolio features hospitality, food & beverage, fashion and sport.
Images courtesy of Luxury Lodges of Australia.