Valad May Make Loss From Sale of Sheraton Noosa Resort and Spa
VALAD Property Group is expected to take a hit from the sale of its Sheraton Noosa Resort and Spa facility at Noosa Heads.
Valad paid $93.6 million for the asset in 2007, but its value has fallen to about $85 million.
The unrenovated complex opened in 1989 and is on a 9946 square metre site with a private mooring facility on the Noosa River.
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