Journey Beyond acquires Crocodile Hotel in Kakadu - CIM Business Events

Journey Beyond has acquired Crocodile Hotel, a consumer other business in the Northern Territory, for an undisclosed amount. Crocodile Hotel in Kakadu National Park operates as a Mercure-branded property with 110 rooms and conference facilities for up to 250 delegates, supporting leisure and business events in Kakadu. Journey Beyond acquisitions in Australian tourism expand upscale resort capacity across the NT, with the buyer seeking to grow its portfolio of upscale accommodations and meetings venues. The add-on acquisition is part of a private equity acquisition strategy by Journey Beyond, and the deal is under review by the competition watchdog.