Hilton Surfers Paradise listed with $80 million price tag

Hilton Surfers Paradise listed with $80 million price tag
Hilton Surfers Paradise listed with $80 million price tag

The Hilton Surfers Paradise, comprising the Hilton Hotel and the management rights for the Hilton Residences, is being marketed for sale with a price tag of about $80 million after its Chinese based investors decided to sell.

The privately owned company Ji Feng bought the five star hotel from Brookfield in 2011 for about $37 million.

It is reported the vendor has no other commercial property interests in Australia.

The hotel, once part of the failed Raptis company, comprises 169 guest rooms, four food and beverage outlets, conference facilities, pool deck, two gyms, a day spa and 89 undercover car parks.

Hilton Surfers Paradise listed with  million price tag

A strong rebound in tourism and hotel occupancy sees the Gold Coast market recording revenue growth per available room in the year to date up 15.6% on the same comparative period last year.

The listing agent Sam McVay said the new owners had the opportunity to replace Hilton as the manager.

The hotel spreads across two towers and is offered with the associated management rights for the Hilton Residences.

Tags: 
Tourism Surfers Paradise

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