After almost a year of negotiations, Salter Brothers has bought Jude and Graham Turner’s Spicers Retreats brand and six of the 10 luxury resort-style properties for an unconfirmed sum believed to be about $130 million.
The Australian-owned global fund manager which focuses on hotels, property, private equity and credit will take a total of 127 rooms, including the land and buildings for Spicers Clovelly Estate, Spicers Tamarind Retreat and Spicers Peak Lodge in Queensland.
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Fiona Carruthers has written and edited travel for the Financial Review for almost a decade. She has held senior roles with ABC Radio National, Deutsche Welle Radio, TIME and The Australian, and was deputy editor of Traveller. Email Fiona at fcarruthers@afr.com
