Surfers Paradise Marriott Resort & Spa Sells to Indonesia's Rajawali Group For $75 Million

Surfers Paradise MarriottSURFERS Paradise's Marriott Resort & Spa Hotel has sold to Indonesia's Rajawali Group for about $75 million.

The hotel was offloaded by the Commonwealth Property Hotel Fund, which will use the funds to settle debt.

The Marriott sale to an Indonesian investor, follows the sale this month of the Pacific Beach site, also on the Gold Coast, to Chinese developers.

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Posted originally: 2009-09-21 18:38:00

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