The acquisition comes just after Minor Hotels announced a repositioning of the Oaks brand from serviced apartment offering to a full-service hotel experience.
The resort is located 15 minutes’ drive from the ski fields at both Thredbo and Perisher, while also offering several meeting spaces for business events groups.
“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 Minor Hotels’ chief operating officer for Australasia, Craig Hooley.
“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,” said Hooley.
The accommodation mix at the resort is made up of studios, apartments, villas and chalets, with some offering fireplaces. Outdoor activities available within the resort’s footprint include golf, archery, tennis, kayaking, canoeing, trampolining, trail running, hiking, fishing and mountain biking.
In addition, the resort offers an indoor heated pool, sauna, gym and spa onsite as well as two dining venues.
There is also an equipment hire outlet onsite, offering ski and snowboarding gear during the winter and mountain bikes and hiking equipment in the summer.