Discovery parks has acquired Lake Argyle Resort

After the successful sale of Horizontal Falls Seaplane Adventures, the Nash team were introduced to the owner of Lake Argyle Resort, Charlie Sharpe, in late 2019. Given the prominence and reputation of Lake Argyle in the region, it was easy to see that the resort would attract significant interest from a wide range of parties.  

Charlie had run Lake Argyle since 2004, however it was only recently that the park had gained prominence as a world class holiday location. Charlie had ambition to expand the park and build a luxury reception / restaurant center that would enhance the appeal of Lake Argyle to a global level. The key for Charlie was finding a partner that not only valued the underlying business, but also shared his ambition to continue the growth and invest in the business. 

Throughout the COVID pandemic, border restrictions across Australia impacted the operating conditions, as guests struggled to confidently book and attend their planned stay. In order to combat these difficult conditions, Nash set out a flexible sale strategy that allowed for the interested parties (that were able to get into WA) to conduct initial site tours of the resort when the borders opened. We also worked closely with the finance manager at Lake Argyle to provide constant updates on guest numbers which gave the interested parties further confidence on the performance of the underlying business as forward bookings remained strong.