Outrigger Hotels & Resorts has entered into an
agreement to purchase the management rights and associated real
estate assets of the hotel property currently operating as the
Holiday Inn Surfers Paradise.
The sale includes the management rights from
Colryan Pty Ltd (managers and receivers appointed) for up to 414
hotel rooms and the real estate assets from Seasilver Hotels Pty
Ltd comprising reception, extensive conferencing areas, and
restaurant and bar.
a prominent site on Gold Coast Highway and fronting View Avenue,
the hotel is 100 metres from the beach and one block from Cavill
Avenue. Built in 1986, it was originally branded the ANA Hotel.
If everything goes according to plan, the hotel
is expected to rebrand in late 2011 or early 2012 as the Outrigger Surfers Paradise.
& Resorts is a 64-year-old privately-held U.S. company and one of
the fastest growing hospitality groups in the Asia-Pacific and
Oceania regions. The hotelier has a long association with the Gold
Coast after selecting the destination as its base to expand the
brand from the U.S. into Australia in 1998.
"The Gold Coast has fared much better than other
regions in Queensland which can be evidenced by our other Gold
Coast resort at Coolangatta eclipsing revenue and occupancy
forecasts for the 2011/2012 period," said Regional General
Manager-Australia, Grant James. "Despite
current global economic woes, there is a lot of positive news
coming out of the Gold Coast which includes the opening of two new
five-star hotels, construction of the Gold Coast light rail and
planned runway extension at Gold Coast International Airport to
allow direct flights from China."
addition of Outrigger Surfers Paradise boosts the hotelier's
portfolio to four in Australia, which numbers close to 1,000
rooms, and almost 11,200 rooms internationally.
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