SHAKE­SPEARE’S $100M

Business Events News - - News -

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.

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