Marriott Vacation Club acquires Australia resort for $90M

Timeshare operator Marriott Vacation Club acquired the Surfers Paradise Marriott Resort and Spa In Australia in a deal worth at least $90 million.

The sale, being negotiated by McVay Real Estate, is just below the $100-million price Indonesia’s Rajawali Property Group originally expected. The hotel completed a $20-million refurbishment in 2011.

The 329-room hotel has 14 conference and event areas and a saltwater swimming lagoon.

Virtual Roundtable

Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.

Suggested Articles

Nearly four years after it opened, the Four Points by Sheraton Havana will lose its license to operate.

New data from Deloitte paints a picture of the industry's recovery, with recession-battered travelers seeking deals.

During the Virtual CEOs Check-in Panel, leaders of major hospitality companies expressed hope for the future.