Developments

Cradle Mountain’s New Owners

An investment consortium headed by former Macquarie Group boss Bill Moss has paid $25 million for Tasmania’s iconic Cradle Mountain Lodge.

The asset, developed 25 years ago, has been affected by dwindling tourism numbers which have seen holiday arrivals in Tasmania collapse from 450,000 at a peak in 2007-08, to about 375,000 recently.

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