Crowne Plaza sells to Asian investors for between $60 and $90 million
ANOTHER wave of Asian investment has hit the Gold Coast with a Singapore-based company snapping up Crowne Plaza and Gold Tower at Surfers Paradise.
Realestate
Don't miss out on the headlines from Realestate. Followed categories will be added to My News.
ANOTHER wave of Asian investment has hit the Gold Coast with a Singapore-based company snapping up Crowne Plaza and Gold Tower at Surfers Paradise.
The 4.5 star Glitter Strip landmark was secured for between $60 and $90 million and is the latest in a series of large-scale Asian investments.
In May, Hong Kong billionaire developer Tony Fung forked out $160 million for Sheraton with plans to transform the hotel into a casino and resort.
Wanda has also allocated more than $900 to build Jewel, an extravagant three-tower construction in Surfers Paradise.
It is understood HLB Mann Judd Chew managing partner Kim Chew handled the Crowne sale.
‘We were very happy’: Highrise Harry’s most emotional apartment sale
Of more than 80,000 apartments Harry Triguboff has sold in his lifetime, this will be the most emotional. See inside the penthouse the property billionaire owned for more than 34 years before it hits the market
We renovated our kitchen for just $800 – and saved $27k
After being quoted more than $27,000 to renovate her dated kitchen, a woman has transformed it for a fraction of the price. HOW SHE DID IT