Sydney-based hotelier Joe Irvin has bought the Coolangatta Sands Hotel on the Gold Coast from former Rich Listers Peter Mattick and Philip Salter for about $15 million.
Mr Mattick and Mr Salter, founders of ASX-listed direct market company Salmat, put the multi-storey venue on the corner of Griffiths and McLean streets – a block from the beach – up for sale in February.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
