The general manager of Sheraton Port Douglas said that the resort is ‘very close to a major investment’ for a planned refurbishment. 

The refurbishment of the Sheraton Mirage, which is Port Douglas’s largest resort, has been on the cards for several years and reportedly could cost up to $200 million.

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Details are still very tight but Sheraton general manager Steve Molnar said negotiations were still ongoing with big developments on the near horizon. 

“We are still currently in the tender process but we are very close to a major investment,” Mr Molnar said. 

“We are hoping for a confirmation soon.”

Demonstrations of the redesigned Sheraton rooms were shown privately to select guests and media last year. 

The Sheraton was built in 1987 and has passed through several owners, with the latest being the China-based Fullshare group.