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Karma Resorts founder voted 2010 Australian Entrepreneur of The Year

Kanchana Paha Property Report
John Spence, chairman and founder of Karma Royal Group.

John Spence, chairman and founder of Karma Royal Group.

John Spence, the Chairman of Karma Royal Group and founder of leading Asian boutique hideaway Karma Resorts, has been voted Ernst & Young (E&Y) Australian Entrepreneur of The Year 2010.

A former rock band manager, Spence won the prestigious title ahead of 33 other finalists at the 10th anniversary of the awards in Australia.

Debt-free with an extremely strong balance sheet, Karma Royal Group is financially solid and a leading player in the Asian tourism industry.

Catherine Brenner, chair of the judging panel, was especially impressed by the group’s focus on quality and clear strategic direction. She said: “Karma Royal Group has taken on the big, global hotel brands and put a footprint in this very competitive market. Typical of many successful entrepreneurs, John Spence has seen opportunity where others did not. Most people would have looked at the global upmarket hotel sector and decided it was a saturated market. John looked at it differently and saw opportunity.”


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