An upscale resort in the Great Barrier Reef will undergo a multi-million dollar revamp, funded by its Chinese owners.

The China Capital Investment Group (CCIG) will spend AU$50 million (US$38m) on a major renovation of the Daydream Island Resort & Spa in the Whitsunday Islands.

The project will commence this year and the resort will close in early 2018 while the major work takes place. Areas being upgraded include the reception and F&B outlets. A new Asian restaurant will be constructed and the resort’s conference facilities will be significantly expanded.

“This is a very exciting development in the history of Daydream Island and for The Whitsundays,” said the resort’s general manager, Dawson Tang. “Our owners have recognised the need to revamp Daydream’s facilities especially as we embark on a greater push into international markets including the lucrative China market.

“Prior to commencing the redevelopment in 2018 it will be very much business as usual this coming year.”

CCIG purchased the 296-room Daydream Island Resort & Spa in March 2015.