Sheraton Noosa Resort and Spa Withdrawn From Sale

It’s expected Blackstone may list the hotel for sale again, but at a more buoyant time. Its portfolio includes other hospitality assets.

The Noosa market is experiencing a downturn, with up to 50 per cent of values in some developments wiped since 2007. Since the start of this year several large scale projects in the area have also been shelved, largely because of financial difficulties.

 

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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