NO DISCOUNTS ON HILTON STOCK

Written on the 24 October 2011

NO DISCOUNTS ON HILTON STOCK

THE $700 million Hilton Surfers Paradise is attracting strong international buyer interest – and there are no discounts, according to the developer Brookfield Multiplex.

Brookfield Multiplex sales and marketing director Tim Willing (pictured) says 130 apartments have sold in the last 18 months – equating to 52 per cent of available product.

“In a market that everybody would agree is difficult, we haven’t discounted,” he says.

“It’s almost easier to find which countries they haven’t come from for this project. We’ve had buyers from Sweden, the UK, America, South Africa, New Zealand, China, Hong Kong, Singapore and every state and territory in Australia.

“This is a very unique offer in the market place, this has global appeal; it’s being a resident here as part of a Hilton offer – and you are not as constrained by local market conditions.”

The hotel boasts 169 guest rooms and 250 long-term residences with up to three bedrooms. Smaller apartments are priced from $1.25 million, while a three-level penthouse with a swimming pool costs $11 million.

Self-contained residences include full kitchens, laundry facilities and separate living and dining spaces, while hotel guests have access to in-room dining, a mini bar, daily housekeeping, valet parking, 24-hour reception and concierge.


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