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.

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