Marriott Vacation Club has sold the hotel component of Australia-based Surfers Paradise Marriott Resort & Spa to Bensonlily Surfers Paradise for $50m (A$70m).

Last year in July, Marriott Vacation Club purchased the Surfers Paradise Marriott Resort & Spa and is currently renovating the eight floors of the property into Marriott Vacation Club at Surfers Paradise.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It features 88 timeshare deluxe guestrooms and one- and two-bedroom suites, of which the remaining 216 rooms and the resort amenities were sold to Bensonlily Surfers Paradise.

Marriott Vacations Worldwide president and CEO Stephen Weisz said: “The sale completes our capital efficient transaction and we will look to re-invest the proceeds to add more exciting new destinations in our Asia Pacific portfolio.

“We look forward to sharing this beautiful resort with the hotel’s new owner at this prime location on the Gold Coast.”

Australia’s Gold Coast experiences a moderate climate throughout the year with 300 days of sunshine per year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Gold Coast is a popular tourist destination offering a range of tourist attractions featuring retail shops, restaurants, internationally renowned surf beaches, national parks, entertainment districts and several major theme parks and attractions.

The resort’s amenities, including a full service spa, fitness centre and four dining outlets will be owned by both Marriott Vacation Club at Surfers Paradise and the Surfers Paradise Marriott Resort & Spa.

The entire resort will be operated by Marriott International under a long-term management agreement.