An investment firm based in London to transform an island destroyed by cyclones into the next tourist mecca in Australia

Idyllic Australian island sells for $ 32 million as an investor destroys the forgotten resort after it was destroyed by cyclones

  • Mayfair 101 has announced plans to turn a cyclone-destroyed resort island into Australia's next tourist mecca
  • It invests $ 1.6 billion in Dunk Island in Queensland, which was virtually wiped out by Cyclone Yasi in 2011
  • Mayfair 101 has plans to purchase part of the adjacent Mission Beach on the mainland in the Cassowary coast
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A London-based investment group has announced plans to turn a cyclone-destroyed resort island into Australia's next tourist mecca after purchasing for $ 32 million.

Investment firm Mayfair 101 said it will invest $ 1.6 billion in Dunk Island in Queensland, which was virtually wiped out by Cyclone Yasi in 2011.

The tropical outing has been dormant since then.

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Investment firm Mayfair 101 said it will invest $ 1.6 billion in Dunk Island (shares) of Queensland, which was virtually wiped out in 2011 by Cyclone Yasi

Investment firm Mayfair 101 said it will invest $ 1.6 billion in Dunk Island (shares) of Queensland, which was virtually wiped out in 2011 by Cyclone Yasi

The tropical outing has since been at rest (stock)

The tropical outing has since been at rest (stock)

The tropical outing has since been at rest (stock)

Mayfair 101, says it plans to purchase a portion of the neighboring mainland Mission Beach in the Cassowary Coast region at a combined price of $ 180 million.

& # 39; Our vision is to restore Dunk Island as the jewel in the crown of the far north of Queensland and the Mission Beach region to become Australia's tourist mecca & # 39 ;, said an announcement.

Mayfair 101 founder and director James Mawhinney said they have plans to build three resorts on Dunk Island and one on the mainland.

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There will be a golf course and a nearby runway will be renovated into an international airport with direct flights to the tropical island, Courier Mail reported.

& # 39; We intend to offer a wide range of tourist offers ranging from camping and caravan sites to medium-sized family accommodations to the ultra-luxurious & # 39 ;, said Mr. Mawhinney.

& # 39; Located between two world heritage sites, our vision is to create a tourist mecca where Dunk Island becomes one of the most sought after island destinations in the Asia Pacific region.

Myfair 101 said it will invest $ 1.6 billion over the next 15 years and create more than 3,000 jobs.

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Mayfair 101 founder and director James Mawhinney said they have plans to build three resorts on Dunk Island and one on the mainland (stock)

There will be a golf course and a nearby runway will be renovated into an international airport with direct flights to the tropical island (stock)

There will be a golf course and a nearby runway will be renovated into an international airport with direct flights to the tropical island (stock)

There will be a golf course and a nearby runway will be renovated into an international airport with direct flights to the tropical island (stock)

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