Improving access to Phillip Island in regional Victoria is behind the decision by Wyndham Vacation Club to acquire 83 villas at Ramada Resort by Wyndham Phillip Island, the company said.
The bulk inventory purchase for Club Wyndham South Pacific sees the inventory available to vacation owners boosted during peak periods, including room types that were not previously available such as Deluxe and Grand Apartments, said Wyndham Vacation Club President and Managing Director, International Operations, Barry Robinson.
“Ramada Phillip Island typically experiences periods of exceptionally high demand throughout the year that coincide with its vibrant calendar, which includes the MotoGP and V8 Supercars race. This acquisition gives our members a greater ability to experience these world-class events and, importantly, gives us the ability to satisfy our growing clubs now and into the future,” he said.
Occupancy at the resort among vacation owners has regularly reached 100 per cent during peak periods and sitting at a consistent 70 per cent year-round. The 65-acre mixed-use resort is utilised currently by a combination of Club Wyndham owners, resort guests and permanent residents.
A comprehensive refurbishment of the newly-acquired inventory, which will see kitchens and bathrooms upgraded, is scheduled to commence in September, with completion set for the first quarter of 2020.