It looks like Roamfree founder Tony Smith is doing well for himself once again, reportedly selling the Semara Resort & Spa he developed in the trendy enclave of Seminyak, Bali, to Singapore investors and recently acquiring a beach front block on Australia’s Gold Coast for $7.3 million.
Mr Smith told The Australian he’d use some of the Semara proceeds to buy more Balinese real estate. “The timing of the approach to sell was perfect,” he said.
Roamfree was an online travel and technology conglomerate funded by Mr Smith that enjoyed spectacular growth via acquisition. Mr Smith sold his shares and exited the operation in 2008. A year later it was placed in voluntary liquidation. Many of the companies that comprised the Roamfree Group were successfully sold by the receivers, including Roamfree.com.au.