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Raptis Group Places Sheraton Mirage on the Market

In an attempt to raise capital and pay off some of its $700m debt, Raptis Group have put out calls for expressions of interest in the Gold Coast Sheraton Mirage in Main Beach.

The Group maintains that this move was planned a fortnight hence, however this latest act – in addition to the search for a joint venture partner for the Surfers Paradise Hilton development are sure signs that the company is in serious need of liquidity.

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This entry was posted on Thursday, September 11th, 2008 at 7:38 pm and is filed under Future Development, Main Beach, Raptis Group, Sheraton Mirage Resort. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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