Marriott Vacation Club Purchases Surfers Paradise Marriott on Queensland's Gold Coast

Marriott Vacation Club has finalized the purchase of the Surfers Paradise Marriott Resort & Spa Gold Coast, Australia.

Plans for this new Marriott Vacation Club resort location include converting eight dedicated floors into 88 timeshare vacation apartment villas in a combination of studio and one bedroom floor plans.

The resort is located in Queensland on Australia's Gold Coast, which enjoys temperate year-round weather and 300 days of sunshine per year. The Gold Coast is home to Queensland's most popular tourist destination and offers a diverse selection of retail shops, restaurants, internationally renowned surf beaches, national parks and entertainment districts.

Additionally, the resort is just a short drive away from several major theme parks and attractions. For guests seeking to further explore the east coast of Australia, the Gold Coast is a perfect base with Brisbane a short drive away and Sydney , Melbourne and the Great Barrier Reef within a 1 to 2-hour flight.

"Australia has long been considered as one of the top destinations our members and guests say that they want to experience for their holidays," said Bill Minnock , senior vice president and managing director, Asia Pacific, Marriott Vacations Worldwide. "The legendary Surfers Paradise Marriott has provided unforgettable holiday memories for Australian families and families from around the world. We are truly excited to add this amazing destination to our portfolio and are continually looking for additional development opportunities to further our growth in the Asia Pacific region."

Marriott Vacation Club plans to complete conversion of the initial phase of timeshare vacation apartment villas and to open a new sales gallery by March 2016. The remaining hotel portion of the resort will continue to be operated under the Marriott brand.