Novotel Twin Waters resort on the Sunshine Coast could be sold within weeks.

Novotel Twin Waters resort on the Sunshine Coast could be sold within weeks. Contributed

THE sale of the Novotel Twin Waters Resort appears imminent, with the man tasked with selling the 22ha facility confident a deal will be finalised within weeks.

Abacus Funds Management Ltd enlisted McVay Real Estate in April to sell the property and the first stage of an Expressions of Interest process wrapped up on May 18.

McVay Real Estate chairman Dan McVay, who has overseen about $7 billion in commercial property transactions in his career, said three expressions of interest had been lodged from a mixture of local and international parties.

He said the expressions of interest process had now entered the second stage, with negotiations under way with the three interested groups.

"We're pretty happy (with the interest registered)," Mr McVay said.

He expected it would be another 3-4 weeks before the deal was finalised.

The Wedding Green at Novotel Twin Waters Resort. CONTRIBUTED

The resort has been marketed with potential to redevelop or expand, or develop an entirely new resort on the surplus land.

There is an opportunity to develop 40 beachside villas and vacant possession of the existing four-star, 361-room and suite hotel can be made available.

Renowned for its conference facilities, the resort has played host to royalty, with Queen Elizabeth and Prince Philip visiting in 2002, and is set to house a number of 2018 Commonwealth Games teams, including Scotland and the Isle of Wight.

It's also been home to the internationally-renowned Wanderlust Festival for the past two years and will again host the festival later this year.

Abacus purchased the resort for about $60 million a decade ago, and China's Hainan Airlines recently pulled out of purchasing it for a reported $130 million.

Novotel Twin Waters general manager Warwick Kahl told the Daily in early April the Accor-managed resort enjoyed a strong start to April and had been fully booked for Easter.