Paradise Resort - SOLD

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Sold for 43,000,000 AUD Rooms: 360
Price Per Room: 119,444 AUD
Property Id : 30764

Paradise Resort is an award winning family orientated resort style hotel located in the heart of the Gold Coast. The low rise property comprises 360 guest rooms as well as substantial food and beverage facilities, extensive children’s activity areas, an ice skating rink and water park. The established resort has a proven record of profitability with established reoccurring net earnings. The 20,727* sqm site forms part of an entire city block and has an approved masterplan for the staged development of 3 high rise towers of 30 to 60 levels comprising a total of 1,432 residential units. In addition, within the site is a standalone, vacant development parcel of 2,744 sqm which provides the opportunity to expand the room inventory and resort offering without impacting resort operations.

Sam McVay

Managing Partner

Dan McVay

Chairman
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