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 Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


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The final day of Hotel Optimization Part 2 focused on booking channels, cleanliness protocols and maximizing revenue in the age of COVID-19.

The Urban Park Hotel Collection is currently looking at hotels with 25 to 85 rooms, which will include both independent and franchise properties.

While occupancy, rate and revenue all improved from July, they were still significantly down year over year.