PERTH - An Australian and a Chinese company will jointly develop a A$18.2 million (US$12.23 million) resort project with a difference: It will target only Chinese visitors.
Dyno Zhang’s Shanghai-based Macro Capital Limited, a licensed fund manager in Australia, and Sam Barnett’s Pearllargo are partnering on Kaleidescope Resort, a five-star property with 68 rooms close to the Hutt Lagoon, a large pink lake near Port Gregory in Western Australia.
The project is to be built on oceanfront land in Yallabatharra, and its target completion date is November 2022.
“Pearllargo does not have any plans to advertise the resort outside China,” Mr Barnett said.
The project will feature local Cantonese and Mandarin speaking staff, traditional cuisine, equestrian sports and sunset horse rides on the beach.