Marriott Vacation Club buys Surfers Paradise resort

Marriott Vacation Club finalizes its purchase of the Surfers Paradise Marriott Resort & Spa Gold Coast, Australia. The announcement further establishes its strategy of expanding in Asia Pacific and adding new destinations to its growing worldwide portfolio of over 55 Marriott Vacation Club resorts.
?Australia has long been considered as one of the top destinations our members and guests say that they want to experience for their holidays,? says Bill Minnock, senior vice president and managing director, Asia Pacific for Marriott Vacations Worldwide. ?We are excited to add this amazing destination to our portfolio and are continually looking for additional development opportunities to further our growth in the Asia Pacific region.”
Plans for this new Marriott Vacation Club resort location include converting eight dedicated floors into 88 timeshare vacation apartment villas in a combination of studio and one bedroom floorplans.
Marriott Vacation Club plans to complete conversion of the initial phase of timeshare vacation apartment villas and to open a new sales gallery by March 2016. The remaining hotel portion of the resort will continue to be operated under the Marriott brand.