Australia’s Star Entertainment Group has announced plans to develop a new AU$400 million (US$310 million) hotel and apartment tower at The Star Gold Coast – the second such tower to be built as part of the company’s AU$2 billion (US$1.55 billion) Gold Coast Masterplan.
The new tower, due for completion in 2024, will feature 210 five-star hotel rooms plus 457 apartments over 63-storeys with the hotel to be operated by an internationally-recognized hotel brand. According to Star, final negotiations are currently taking place with the prospective hotel operator.
When complete, the hotel will span 14 levels above a six-level podium featuring retail and other integrated resort offerings proposed to include a luxurious day spa and wellness center, food and beverage, and a range of specialty lifestyle services.
Development on the first tower, home to the Dorsett Hotel and more apartments, is continuing, while there is scope for up to three more towers to be developed on The Star Gold Coast’s Broadbeach site under the company’s masterplan. The second tower will be built on the most south-eastern part of Broadbeach Island, providing expansive views over the adjacent beach.
Star’s state government-approved masterplan for The Star Gold Coast is being overseen by Destination Gold Coast Consortium – the joint venture between The Star, Chow Tai Fook Enterprises and Far East Consortium.
“While we continue to work through and manage the serious impacts of domestic and international border restrictions on our business and the industry more broadly, the decision to proceed with our second tower is part of our unwavering commitment to the Gold Coast,” said Star Entertainment Group Chairman John O’Neill.
“This city has unique and appealing characteristics that make it an internationally sought-after tourism destination.
“Our focus has never wavered. We are creating a world-class tourism, leisure, and entertainment destination that Gold Coast locals can be proud of, while working towards our vision of becoming Australia’s leading integrated resort company.”
Development of the second tower is due to begin within weeks, Star said.
