David Marriner Pays $35 Million For Port Douglas Sheraton Mirage

THE Sheraton Mirage in Port Douglas has sold for $35 million to Melbourne investor David Marriner.

The sale price is far less than the $90 million reportedly initially sought for the hotel, which at its peak accommodated some of the world’s highest profile business identities and celebrities.

Mr Marriner told the AFR, which reported the deal, that he plans to lodge a development proposal “that would be the catalyst for the recovery of the Port Douglas tourism sector.”

He said the hotel has been a flagship for Australian tourism for 25 years.

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