According to Mark Durran, Vice President, Jones Lang LaSalle Hotels, Sydney,  �Since this resort is located in such a desirable location, we will market it to a large pool of domestic and international investors. The Jenolan Caves Resort provides an excellent opportunity since the state government plans to build and operate a public aerial cableway system. This will bring additional visitors to the site, previously restricted by limited car parking.  The new owners of Jenolan Caves Resort will have the opportunity to further develop facilities in line with increased visitation.�

The Blue Mountains are a popular international travel destination.  In 1998, international visitors spent 282,000 nights in the Blue Mountains, staying for an average of 3.2 nights.
 

�The Resort comprises several businesses located at the Jenolan Caves including all four different accommodation businesses, both food and beverage outlets, a retail shop, staff accommodation and two houses,� included Durran. The Resort is located on leasehold land at Jenolan Caves, on the edge of the Kanangra-Boyd National Park.  It is being offered for sale for the first time with a remaining 89 years of a 99-year lease.  Up until 1996, the property consisted of a traditional guesthouse until an extensive refurbishment plan expanded the Caves House, comprised of 102 guestrooms, is a tourism icon.  The 51-room Victorian Boutique Hotel has been restored to capture the style

CAVES HOUSE The oldest part of the Jenolan complex, Caves House features all the elements of a grand, historic guesthouse as well as the updated facilities essential to a modern conference venue. Common areas include  a relaxing library and a lounge room.

Jones Lang LaSalle Hotels, the leading hotel investment banking services group in the world, provides clients with value-added investment opportunities and advice.  Its recent two-year success story includes the sale of 17,027 hotel rooms to the value of $2.2 billion in 75 cities and advisory expertise for 200,036 rooms to the value of $29.8 billion across 278 cities.  Jones Lang LaSalle Hotels� services include transactions, mergers and acquisitions, financial advice and capital raising, valuation and appraisal, asset management, strategic planning, operator assessment and selection and industry research.  Jones Lang LaSalle (NYSE: JLL) is the world�s leading real estate services and investment management firm, operating across more than 100 key markets on five continents.