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ASPEN GROUP — Capital/Financing Update 2017
Dec 17, 2017
64404_rns_2017-12-17_322ee769-7bcd-4bf5-b286-1def56daa769.pdf
Capital/Financing Update
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Aspen Group Limited ABN 50 004 160 927 Aspen Property Trust ARSN 104 807 767 Level 3, 37 Pitt Street Sydney NSW 2000 Telephone: 02 9151 7500 Facsimile: 02 9151 7599 Email: [email protected]
ASX ANNOUNCEMENT 1 8 December 2017
SETTLEMENT OF DARWIN FREESPIRIT RESORT
Further to the announcement on 14 November 2017, Aspen (ASX:APZ) is pleased to advise that settlement of the Darwin FreeSpirit Resort acquisition occurred on 15 December 2017. The operation is to be integrated ahead of the Christmas holiday trading period.
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For further information, please contact: Joel Cann Emmanuel Zammit Chief Executive Officer Chief Financial Officer Phone: (+61) 2 9151 7500 Phone: (+61) 2 9151 7500 Email: [email protected] Email: [email protected]
Aspen’s largest addition to its tourism portfolio
Location
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17km east of Darwin NT and located on Stuart Highway
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Close proximity to new Palmerston regional hospital (opening 2018)
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Inventory
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430 high quality sites
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Cabins 149
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Campervan/Camping 281
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Facilities
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Full tourist park with a fully licensed food and beverage operation
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3 resort pools, BBQ and picnic areas, jumping cushion, conference and events facilities
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Opportunity
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Earnings growth potential through
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expanded F&B operation catering to guests, locals and events
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continued development of business partnering and guest relationships
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