THE Shakespeare Property Group has completed the $100 million purchase of the 4-star Novotel Twin Waters Resort on Queensland’s Sunshine Coast from the Abacus Property Group.
Located between the Maroochy River and Mudjimba Beach, the Novotel Twin Waters Resort (pictured) comprises of 361 rooms, 10 purpose-built conference and meeting spaces catering up to 1,400 delegates and food and dining outlets.
Shakespeare’s intentions are to improve the current facilities to reposition the resort as a “leading business events venue and leisure resort in Queensland”.
Shakespeare Property Group GM - Hospitality Asset Sunny Yang said the Sunshine Coast offered “outstanding potential to grow tourism in the short and long term”.
“The Sunshine Coast is still relatively under-developed, despite having excellent access to major source markets across Australia,” said Yang.