The Star sells Sheraton Grand Mirage Resort to family consortium for $192 million
Hotel Management
JUNE 26, 2023
Luxury Gold Coast hotel Sheraton Grand Mirage Resort has been sold for AU$192 million in a joint purchase by the Karedis and Laundy families. The hotel was sold by Australian Wattle Development Pty Ltd – which is 50% owned by The Star Entertainment Group with Chow Tai Fook Enterprises and Far East Consortium as consortium partners – for AU$52 million more than the AU$140 million the business paid for the property back in January 2017.
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