“The resort has been operated by Marriott International under the Sheraton brand,” said McVay, adding that an opportunity exists to bring in a new brand or management company. The property, covering 3.45 hectares of land and boasting 215 meters of beach frontage, is located about eight kilometers north of The Star Gold Coast.ĭan McVay, of joint sales agent McVay Real Estate, said the hotel remains a local icon some 36 years after it first opened in 1987. Australia’s Star Entertainment Group has put one of its Gold Coast hotel assets on the market.Īccording to information from real estate giant Colliers, the Sheraton Grand Mirage Resort Gold Coast, which was acquired by Star and its Hong Kong partners Chow Tai Fook and Far East Consortium in January 2017 for AU$140 million (US$93 million), is up for sale again with an asking price in excess of AU$200 million (US$132 million).
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