The Star Entertainment Group and its Hong Kong-based partners have wrapped up the acquisition of the Sheraton Grand Mirage Resort on the Gold Coast.
The Star, which has bought the 5-star beachfront resort with partners Chow Tai Fook Enterprises and Far East Consortium, is contributing around $40 million in equity investment for its share of the purchase.
Matt Bekier, chief executive of The Star, says the resort is a perfect complement to the group's existing properties - Jupiters on the Gold Coast, Queen's Wharf in Brisbane and The Star in Sydney.
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