By using this site, you agree to the Privacy Policy and Terms Of Use.
Accept
WhatsNew2DayWhatsNew2Day
  • Home
  • Australia
  • Business
  • Economy
  • Entertainment
  • Gaming
  • Health
  • Lifestyle
  • Science
  • Sports
  • Tech
  • US
  • World
Reading: The Sheraton Grand Mirage hotel on the Gold Coast built by Christopher Skase on the market for $200 million
Share
Aa
WhatsNew2DayWhatsNew2Day
Aa
  • Home
  • Contact
  • About us
  • Privacy Policy
  • Home
  • Australia
  • Business
  • Economy
  • Entertainment
  • Gaming
  • Health
  • Lifestyle
  • Science
  • Sports
  • Tech
  • US
  • World
Follow US
© 2022 WhatsNew2Day News Network. All Rights Reserved.
WhatsNew2Day > News > The Sheraton Grand Mirage hotel on the Gold Coast built by Christopher Skase on the market for $200 million
News

The Sheraton Grand Mirage hotel on the Gold Coast built by Christopher Skase on the market for $200 million

Last updated: 2023/03/14 at 10:46 PM
Jacky 1 week ago
Share
A first shot of the iconic hotel, which was built with great fanfare in the 1980s and is now for sale for $200 million.
SHARE

The crown jewel of Christopher Skase’s colorful legacy, once known as a hangout for royalty and movie stars, is up for sale.

The iconic Sheraton Grand Mirage Hotel on the Gold Coast, which was built to unprecedented fanfare in 1987, has hit the market with a $200 million price tag.

The owners, Star Entertainment Group, bought the property in 2017 and have listed it for what is believed to be the third time, with two previous failed sales attempts in recent years.

A first shot of the iconic hotel, which was built with great fanfare in the 1980s and is now for sale for $200 million.

Christopher Skase with his wife Pixie at the height of his breakneck success in the 1980s

Christopher Skase with his wife Pixie at the height of his breakneck success in the 1980s

The sprawling 3.45ha site, which sits on a prime beachfront site on Southport Spit and has 295 rooms, is being sold by property giant Colliers.

“The likelihood of someone building a 3.45ha waterfront site on the Gold Coast is considered extremely remote in terms of financial cost and the practicalities of dealing with the number of owners such a merger would require,” the listing reads. From the market.

‘Any astute investor with an interest in prime Australian real estate should consider this investment opportunity.’

Built by Skase in 1987, the hotel was one of two ‘Mirage’ hotels, with another built in the then little-known North Queensland village of Port Douglas.

Created according to Skase’s very specific vision, the hotel would become a historical landmark with its futuristic designs, lavish landscaping, and decadent bars and restaurants.

The main ballroom of the Sheraton Mirage, built to the specific vision of Christopher Skase

The main ballroom of the Sheraton Mirage, built to the specific vision of Christopher Skase

Inside the luxurious lobby of the Sheraton Grand Mirage, which has 295 rooms and a prime beachfront location

Inside the luxurious lobby of the Sheraton Grand Mirage, which has 295 rooms and a prime beachfront location

The hotel’s legendary Rolls nightclub, which closed in the late 1980s, was even home to a full-size vintage Rolls Royce that acted as part of the furnishings.

Prince Charles, George Clooney and Sting are among the celebrity guests who checked in, however the development of neighboring Palazzo Versace in 2000 saw the Mirage eclipsed as a favorite hangout for celebrities.

Skase, who built the Mirage at Four Mile Beach for $100 million, eventually delivered it to recipients and it was eventually purchased by India-based Pearl Australasia for $62.5 million in 2009.

Skase died in 2001 in Spain at the age of 53 from stomach cancer.

He had fled Australia after the collapse of his $1.5 billion Quintex group, and was accused by many of smuggling a vast fortune, making him one of the country’s most wanted fugitives.

The businessman left behind a series of devastated shareholders, having cost them hundreds of millions of dollars.

Meanwhile, the hotel underwent an extensive renovation before it was taken over by Star Entertainment Group, but the building was found to be unsuitable for holding Queensland casino licences.

Prince Charles and the Duchess of Cornwall stayed at the hotel in 2005 during a tour of Queensland.

Prince Charles and the Duchess of Cornwall stayed at the hotel in 2005 during a tour of Queensland.

Multiple pools and fountains fill the grounds of the Sheraton Grand, which also has several bars and restaurants.

Multiple pools and fountains fill the grounds of the Sheraton Grand, which also has several bars and restaurants.

One of the stunning condos overlooking Main Beach on the Gold Coast

One of the stunning condos overlooking Main Beach on the Gold Coast

In December, the gambling giant was fined $100 million by the state government and given a year to “get its house in order” or face a 90-day license suspension.

Local development experts say the $200 million price tag for the Group’s Mirage has drawn attention in property circles given the building’s age.

The hotel also comes with a five-year lease with Marriott Hotels.

“It was wonderful in its day, but it’s old and looks like it needs a lot of work,” said a developer who inspected the property.

The famous Marina Mirage shopping and sailing precinct, which will undergo a major refurbishment

The famous Marina Mirage shopping and sailing precinct, which will undergo a major refurbishment

However, he noted that the prospect of major works around the hotel could increase its appeal.

Southport Spit will be the site of extensive development over the next few years with over $1.5 billion in projects currently in the pipeline, including the $300 million Mantaray Marina.

Billionaire Con Makris has also flagged a multi-billion dollar plan to redevelop the Marina Mirage shopping precinct.

Source link

You Might Also Like

Zach Braff and producer Jenna Sarkin fuel dating rumors after a screening of their new movie in Los Angeles.

Harry and Meghan’s Frogmore eviction is ‘tip of the iceberg’ of King Charles’ slimmed-down monarchy

Do you hate certain sounds? Take MailOnline’s test to see if you’re one of the 20% with misophonia

Nets fall apart in crunch time vs. Cavs, 5-game losing streak has team facing reality of play-in tournament

George Santos agrees to confess and pay damages in Brazil case

TAGGED: built, Christopher, Coast, Costa Dorada, dailymail, Gold, Grand, Hotel, market, Million, Mirage, news, Sheraton, Skase
Jacky March 14, 2023
Share this Article
Facebook Twitter Email Print
Share
Previous Article Violet Coco (photo center) had her jail sentence overturned after blocking traffic on the Sydney Harbor Bridge. Climate Change Protester Deanna ‘Violet’ Maree Coco Avoids Jail
Next Article Lakers get another great game from Anthony Davis and beat Pelicans Lakers get another great game from Anthony Davis and beat Pelicans

Latest

Moving on: Zach Braff was seen with his arm wrapped tenderly around Jenna Sarkin, who served as a producer on the 2022 sci-fi rom-com Moonshot, after a private screening of her new movie A Good Person.
Zach Braff and producer Jenna Sarkin fuel dating rumors after a screening of their new movie in Los Angeles.
Entertainment
Her Majesty is said to view the eviction of Harry and Meghan from Frogmore Cottage as
Harry and Meghan’s Frogmore eviction is ‘tip of the iceberg’ of King Charles’ slimmed-down monarchy
News
Misophonia, which literally means
Do you hate certain sounds? Take MailOnline’s test to see if you’re one of the 20% with misophonia
Science
Jacque Vaughn's Nets have lost five straight heading into a tough road trip to Florida this weekend.
Nets fall apart in crunch time vs. Cavs, 5-game losing streak has team facing reality of play-in tournament
News
Santos is accused of using a stolen checkbook to spend money under a false name.  It reportedly occurred in a clothing store in the Brazilian city of Niterói.
George Santos agrees to confess and pay damages in Brazil case
US
Karl Howard (above) is due to be sentenced later this year after he attacked two women at their home in Sydney's inner-west.
Karl Adon Howard: Woman attacked by sword-wielding samurai real estate agent ‘grateful to be alive’
Australia

nba 2k23 mt

© WhatsNew2Day News Network. All Rights Reserved. Email: contact@whatsnew2day.com

  • Home
  • Contact
  • About us
  • Privacy Policy

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?