“The Gold Coast remains a premier holiday destination for domestic and international visitors, and is expected to record increased inbound visitation,” Mr Bunz said.
“Demand for quality hotel assets in leisure-orientated locations such as the Gold Coast have attracted strong interest from international investors.
“Australian hotels are seen as an absolute safe haven for international investors due to favourable investment conditions and record low interest rates, while the low Australian dollar offers substantial value and favours inbound tourism.”
The Minor Hotel Group’s portfolio consists of 520 hotels in 52 countries, including existing Gold Coast assets the Oaks Calypso Plaza and Avani Broadbeach Gold Coast Residences.
“Oaks Gold Coast Hotel is Minor Hotels’ 63rd property within Australia and New Zealand, further enhancing the rapid expansion of the company within the region,” Mr Craig Hooley, Minor Hotels Chief Operating Officer, said.
“Within close proximity of Cavill Avenue, Oaks Gold Coast Hotel is the ideal base for those wanting to stay near the action while enjoying the comfort, freedom and space of Oaks hospitality.”
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