McVay Real Estate Australia has been exclusively appointed to sell the Hilton Surfers Paradise via an expression of interest campaign closing on Thursday 6th September 2018 at 4.00 pm AEST.
The offering
The Hilton Surfers Paradise is a landmark mixed-use development located in the heart of Surfers Paradise steps from shopping, dining and world famous beaches. Positioned across two iconic towers, the offering comprises the Hilton Hotel and the associated management rights for the Hilton Residences.
The five star Hilton Hotel comprises 169 oversized guest rooms, together with four food and beverage outlets, conference facilities, an expansive pool deck, two gyms, a day spa and 89 undercover car parks.
Consistently one of the best-performing markets in Australia
Dan McVay said, “The Gold Coast remains one of the best-performing markets in Australia with STR reporting Year to Date RevPAR up 15.6% on 2017. We see the continued growth across the entire Gold Coast market over the coming years on the back of unprecedented infrastructure investment into the Airport, rail and roads.”
He continued, “The Hilton Surfers Paradise is one of the newest and most centrally located five-star hotels in the market. It will be acquired substantially below replacement cost and allows an incoming owner the ability to further enhance the income through further value-add initiatives.”
For further information contact Dan McVay +61 412 872 859 or Sam McVay +61 402 613 603.
