Already a subscriber?Caravan king and former Financial Review Rich Lister, Gerry Ryan, has put the nearly completed luxury hotel and glamping resort within the Monarto Safari Park in South Australia up for sale with an asking price of more than $50 million.kicked off plans to develop the five-star resort in 2019 when he acquired the 65.66-hectare site from Zoos South Australia.
“I believe Monarto is a jewel in South Australia’s crown and the aim of this development is to create a truly memorable safari experience second only to a safari in Africa,” Mr Ryan said at the time. Buyer interest is expected to come from high-net-worth investors with an interest in tourism and nature conservation or a fund manager who holds other similar hospitality assets in its portfolio .