Sheraton Mirage Resort and Spa

Acquired in 2009, the Sheraton Mirage Resort & Spa — together with the adjacent Sports Mirage parcel — represents one of Australia's most iconic beachfront assets. Positioned on the ocean side of Sea World Drive, Main Beach, the holding spans approximately 3.45 hectares for the resort and a further 2 hectares for the Sports Mirage precinct.

A gilt-edged, five-star property of genuine landmark status, we undertook a major refurbishment following acquisition — delivering exceptional results, with asset value tripling and profitability increasing by 800%.