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Corporation
schwartz.com.au

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About Schwartz Family Co.

Schwartz Family Co. invests in healthcare, hospitality, charity, beverage companies, and other sectors.

Schwartz Family Co. Headquarter Location

111 Liverpool Street

World Square, New South Wales, 2002,

Australia

(02) 9367 0000

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Latest Schwartz Family Co. News

Australia's Schwartz Family Co. buys Hilton Surfers Paradise

Jan 3, 2019

The seven-year-old Hilton Surfers Paradise has 169 guestrooms. Australia's Schwartz Family Co., reportedly one of the country’s largest private hotel investors, has acquired the Hilton Surfers Paradise from China's Ja Feng group for an estimated $70 million . The deal is the company's first property in Queensland and 14th hotel in the country. The majority of these are in New South Wales, and include the Sofitel Sydney Darling Harbour. The seven-year-old hotel has 169 guestrooms, four restaurants and bars, a spa, extensive conference and function facilities, four pools, an outdoor deck area and parking. FREE DAILY NEWSLETTER Like this story? Subscribe to IHIF! The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go. The deal, expected to close in May, also includes management rights for 220 Hilton residences. “I believe there is enormous potential for growing the hotel’s business,” said company co-founder Jerry Schwartz. “The Gold Coast is ideally positioned to take advantage of the boom in international travel from Asia and the Pacific, and with Gold Coast and Brisbane international airports expanding their range of source markets, I thought it was the ideal time to enter the market." Brookfield put the property on the market in early 2015 for $60 million , eventually selling to "a private Chinese-Australian family " for more than $50 million by the middle of that year. The current profit of $20 million suggests the market's growth over four years. It's worth noting, however, that when the property returned to the market in July, it was originally listed for $80 million. Read more on

Schwartz Family Co. Acquisitions

1 Acquisition

Schwartz Family Co. acquired 1 company. Their latest acquisition was Hilton Surfers Paradise on January 03, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/3/2019

$99M

Acquired

1

Date

1/3/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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