Trump Organization announced Australia's first Trump-branded hotel
91-storey tower will be Australia's tallest building at 340 meters
Development includes luxury residences, beach club, and retail/dining facilities
Project will cost AUD1.5 billion and be completed before the end of the decade
📖 Full Retelling
The Trump Organization has announced plans to build Australia's first Trump-branded hotel on the Gold Coast, a 91-storey tower in Surfers Paradise that will become the country's tallest building at 340 meters, following a final agreement signed at Mar-a-Lago on Valentine's Day by Queensland developer Altus Property Group. The ambitious development will feature '272 exclusive residences, a private Beach Club, and premier retail and dining,' according to the announcement, positioning itself as a luxury landmark that will surpass Melbourne's 'Australia 108' building by 15 meters. Altus CEO David Young, who has pursued this project for nearly two decades, emphasized that the Trump International Hotel & Tower Gold Coast will represent the pinnacle of luxury resort properties in Australia before the decade's end. With construction costs totaling AUD1.5 billion, the project is now in the advanced stages of design, engineering, and fit-out, bringing what the Trump Organization describes as 'the world's preeminent hotel-resort brand' to Australian shores. This development marks another international expansion for the Trump brand, following properties in major cities worldwide, and represents one of the tallest mixed-use developments in the Southern Hemisphere.
🏷️ Themes
Real Estate Development, International Business, Luxury Tourism
The Trump Organization, Inc. is an American conglomerate. Privately owned by Donald Trump, it consists of most of Trump's business ventures and investments, with around 250 of its affiliates and subsidiaries using the Trump name.
Surfers Paradise (colloquially known as Surfers) is a central suburb of the City of Gold Coast, Queensland, Australia. In the 2021 census, Surfers Paradise had a population of 26,412 people.
The suburb has many high-rise apartment buildings and a wide surf beach.
23.23 EST Trump Tower on Gold Coast will be 'Australia's tallest building', developer says The Trump Organization has announced Australia’s first Trump-branded hotel will be coming to the Gold Coast, with a 91-storey tower in Surfers Paradise. The organisation run by the family of US president Donald Trump , says Trump International Hotel & Tower, Gold Coast is “set to become Australia’s tallest tower”. The hotel will be built alongside “272 exclusive residences, a private Beach Club, and premier retail and dining,” the announcement said. In its own announcement , Queensland developer Altus Property Group said it had signed the final agreement with the Trump Organization at Mar-a-Lago on Valentine’s Day (Florida time). The Altus CEO, David Young , said: The Trump International Hotel & Tower Gold Coast development I’ve been pursuing for almost 20 years is going to be Australia’s tallest building before the end of the decade. At 340 metres in height, and 91 , it will out-stretch the ‘Australia 108’ building in Melbourne by 15 metres and leave every other Australian resort property in its wake when it comes to luxury. … We are now deeply into a process of design, engineering, construction and fit-out that will cost a shade under AUD1.5 billion and bring the world’s preeminent hotel-resort brand to our shores.
