Valad May Make Loss From Sale of Sheraton Noosa Resort and Spa
It includes 176 rooms, suites and villas, seven shops and five food and beverage outlets.
Jones Lang LaSalle is marketing the asset for Valad, which until recently controlled the asset with Ashington.
A management buyout proposal is currently underway for Valad, by its European arm, led by chief executive Peter Hurley.
