Who wants to buy a wave pool? The owners of a much-hyped artificial wave in Queensland have put the site up for sale.
You’ve probably seen the viral video: a massive contraption belches out steam as it drops a plunger into the middle of an artificial lake, creating 360 degrees of waves around it. It’s a dramatic sight, almost tailor made to garner attention online via short clips and visits from influencers.
That device, though, was just an R&D facility, not open to the public. And while Surf Lakes received approval to convert the original site into a commercial property, sold seven licenses for new pools in the United States, and just last year was seeking funding for expansion – none of that materialized.
Now, according to an update from the company, it seems that that those dreams may go permanently unrealized. According to ABC in Australia, Surf Lakes released a statement Tuesday, announcing that it is selling its the Queensland site for around $4 million. According to Surf Lakes global chief operating officer Lewis Glynn, they are inviting interest from both prospective wave pool operators, or investors planning to use the land for other purposes.
“Yeppoon enabled Surf Lakes to test its technology at full scale and showcase it to investors, commercial partners and prospective licensees from around the world,” said Glynn. “Our team, shareholders and the local community have all contributed to that journey, and we are grateful for their support.”
