Consortium Led by Bill Moss Buys Cradle Mountain Lodge, Tasmania
FORMER Macquarie Group head Bill Moss, on behalf of a consortium of wealthy investors, has paid $25 million for Tasmania’s 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.
