Islands Sell at Up to 90% Discount as Qld Resorts Go Bust

Islands Sell at Up to 90% Discount as Qld Resorts Go Bust

Club Mediterranee SA via Bloomberg

Club Med closed Lindeman Island resort -- the first island resort built in the Whitsundays -- on Jan. 31, after failing to find investors to help fund its original plan to make it more upscale, Brisbane-based spokeswoman Cynthia Dammerer said.