Sheraton Noosa (Sofitel Noosa Pacific Resort) - SOLD

Sheraton Noosa Resort and Spa is one of the most prestigious hotel properties in Australia. Located within the world renowned mecca of Noosa, the Hotel is one of the area’s largest land holdings and is the only true, 5 star hotel. The existing development and waterways surrounding the Property creates a genuine barrier to entry for any further comparable competition, particularly given the Hotel’s pedestrian right of way easement which provides direct access to Main Beach. The 176 rooms comprise 6 different room categories and are an average size of 59 sqm*. The size allows for a higher Average Daily Rate (‘ADR’), whilst the diversity of room type provides a larger bandwidth of nightly rates to ensure the largest possible customer market is captured. The Hotel has a diverse income stream through its extensive conferencing facilities that service a particularly robust Meetings, Incentives, Conferences and Exhibitions (‘MICE’) market. This is combined with quality food and beverage offerings and Day Spa, which are supported by both visitors and locals alike.