Schwartz Family Company Acquires Queensland’s Hilton Surfers Paradise for $70 Million From Ja Feng

January 2, 2019

2 January 2018: Australia's largest private hotel investor, Dr Jerry Schwartz, has made his first foray into Queensland hotel property with the $70 million purchase of the five-star Hilton Surfers Paradise from the Chinese group, Ja Feng. The deal is expected to settle in May 2019. The Hilton Surfers Paradise will be the Schwartz Family Company's 14th hotel in Australia. It will join 11 hotels in NSW – including Sydney's first international five-star hotel since 2000, the Sofitel Sydney Darling Harbour – and one each in the ACT and Victoria. The Hilton Surfers Paradise is one of the Gold Coast's newest luxury hotels, with Dr...