18 Jun 2025
Words
The Hotel Conversation
Oaks Lake Crackenback Resort sold to Minor Hotels Australasia
Minor Hotels, one of the world’s fastest expanding hotel groups, announce the acquisition of Oaks Lake Crackenback Resort situated in the heart of the Thredbo Valley within the Snowy Mountains. This addition provides nature enthusiasts, families and snow sports travellers with access to Oaks’ signature elevated service and lifestyle experience, in a prime location just 15 minutes from the popular ski fields of Thredbo and Perisher.
Oaks Lake Crackenback Resort offers an idyllic mountain escape positioned on the fringe of Kosciuszko National Park. Surrounded by pristine alpine landscapes, the resort provides an ideal setting for guests seeking a nature-based experience, with the region’s seasonal beauty delivering year-round appeal.
The stunning Snowy Mountains is a spectacular destination to explore all year round, and with travellers increasingly keen on domestic travel in the current climate, we are excited to add this unique property to our expanding portfolio,” said Craig Hooley, Chief Operating Officer for a Minor Hotels Australasia. “This resort positions us well to tap into rising demand for wellness and experience-based travel, striking an ideal balance between scenery, relaxation, self-care and outdoor activities.”
“As a true lifestyle property, Oaks Lake Crackenback Resort will also deliver on our recently announced vision for the repositioned Oaks. We are excited to work with local partners to bring our new service and brand hallmarks to life. Following the ski season, we’ll be introducing an integrated lobby space where guests and locals can cosy-up with a barista-made coffee and enjoy freshly baked goods or an iconic Oaks lamington. A grab-and-go pantry will also be stocked with local produce and travel essentials for a day exploring the Snowy Mountains,” added Hooley.
Ideally positioned just 15 minutes from Thredbo Village renowned for its boutiques, bars, and restaurants, and a short five-minute drive from the Skitube Alpine Railway providing direct access to Perisher and Blue Cow, the resort offers exceptional convenience for snow sports enthusiasts. Complementing its prime location, the resort features a diverse range of on-site outdoor activities designed to meet the needs of today’s experience-driven travellers seeking connection with nature and enhanced wellbeing, with activities including golf, archery, tennis, kayaking, canoeing, trampolining, trail running, hiking, fishing and mountain biking.
The on-site Harro’s Centre provides a comprehensive range of equipment for hire, including skis and snowboards during the winter season, and mountain bikes and hiking gear throughout the summer months. The centre also features an exclusive selection of quality outdoor apparel and offers booking services for a variety of experiences, from Segway eco-tours to shuttle transfers. Additional guest leisure facilities include an indoor heated pool, sauna, gymnasium, a dedicated Spa & Wellness Centre, and two unique dining venues.
Guests can choose from 110 beautifully appointed studios, apartments, villas and chalets, thoughtfully designed in a range of configurations for comfort and style. From cosy studios through to spacious three-bedroom options, many offer outdoor dining, fireplaces, spacious living areas and captivating mountain and lake views, providing the perfect alpine retreat for families or groups of friends.
The property also features several spaces for meeting and events. Venue spaces offer breathtaking views, providing an idyllic location for large and small-scale corporate events, weddings and private functions.
This latest addition to the Oaks Hotels, Resorts & Suites offering underlines parent company Minor Hotels’ commitment to strategic growth in the Australasia region, after already welcoming six properties in 2025: Oaks Melbourne St Kilda Road Hotel, Oaks Melbourne Flemington Suites, Avani Melbourne Jazz Corner Residences, Oaks Geelong Suites, Oaks Geelong Vue Suites, and Queen’s Wharf Residences in Brisbane.
ResortBrokers marketed Lake Crackenback Resort & Spa by way of an expressions of interest campaign. The sale was transacted by two of ResortBrokers’ most experienced agents: Glenn Millar who joined the agency in 2005, and Russell Rogers who joined in 2011.
Situated in the Thredbo Valley surrounded by the Snowy Mountains, the award-winning 4.5-star integrated resort of 165 properties has a guest capacity of 368. Minor will operate the property under its Oaks brand.
“Lake Crackenback Resort & Spa is an exceptional business, so obviously we’re delighted it was acquired by one of the best operators in the business,” said ResortBrokers’ Senior Broker Glenn Millar.
“Snowy Mountain accommodation assets are tightly held. Lake Crackenback Resort & Spa was offered to market for the first time in 22 years, so this was a rare opportunity to acquire a resort of scale and quality in this imperishable tourist location.”
“ResortBrokers is seeing enormous demand for unique tourism assets like Lake Crackenback Resort & Spa,” added ResortBrokers’ Senior Broker Russell Rogers. END
