Surfers Paradise Marriott Resort & Spa

As exclusive agents, McVay Real Estate, are pleased to announce the sale of the landmark Surfers Paradise Marriott Resort and Spa from Rajawali Corporation to Marriott Vacation Worldwide for $84.5m.

This represents a cap rate of 3.93%^ based on
CY14 actuals and 5.1*% based upon CY2015 forecast.

^ Assumes a normalised FF&E allowance in line with HMA

Please click HERE for an asset overview and HERE for a sales analysis.

The campaign saw strong interest from Japan, Singapore, China, Australia and the USA resulting in 18 inspections and 7 strong bids. Current buyer demand in Australian commercial property and specifically the hotel sector, far outweighs predicted supply which will result in strong pricing on upcoming sales.

McVay Real Estate has also recently exclusively
negotiated the sales of the following hotels:

Crowne Plaza Gold Coast
TBA – Exclusive Agents

Hilton Surfers Paradise
TBA
– Exclusive Agents

Paradise Resort
TBA
– Exclusive Agents

Sales analysis' to be provided once settled

Other recent sales by MRE within the last 9 months include:

Sheraton Noosa Resort & Spa $108m – Exclusive Agents

Hinkler Central
$110m

Birkenhead Point Shopping Centre $310m

Entertainment Quarter
$80m – Exclusive Agents

The Barracks
$145m – Exclusive Agents

Oasis Shopping Centre
$103m – Exclusive Agents

Metro Market
$23m – Exclusive Agents

For more information on the above sale or to discuss your
property requirements, please contact the undersigned:

Dan McVay | Chairman

McVay Real Estate

+61 412 872 859

dan@mcvayre.com.au

Sam McVay | Managing Partner

McVay Real Estate

+ 61 402 613 603

sam@mcvayre.com.au

www.mcvayre.com.au
 

Disclaimer

1. This material has been prepared in good faith with due care by McVay Real Estate (MRE) solely for the information of potential purchasers to assist them in deciding whether they are interested in the premises offered for sale;

2. The information does not form part of any offer or contract and is intended as a guide only;

3. You should not rely on any material contained herein but should make independent investigations to satisfy yourselves as to the correctness of any statements or representations;

4. No representation or warranty is made by MRE or its Principal as to the accuracy or sufficiency of the material, in whole or part; and

5. No liability for negligence or otherwise is assumed by MRE or its Principal, the vendor of this property, for the material contained herein. Any liability on the part of MRE, its servants or agents for damages for any claim by a potential purchaser arising out of or in connection with this material, other than liability which is totally excluded by this disclaimer, will not (whether or not such liability results from or involves negligence) exceed A$1,000.

* Approximately