THE Queensland Government last week welcomed The Star Entertainment Group's proposal for a 700-room hotel and apartment tower at its Jupiters Integrated Resort on the Gold Coast.
Premier Annastacia Palaszczuk said the proposal, in addition to the $345 million refurbishment of Jupiters, vindicated the State Government's commitment to Gold Coast Light Rail, the 2018 Commonwealth Games and attracting more direct international flights to the Gold Coast.
The proposed tower and live sports theatre could increase the total investment at Jupiters to $850 million and double available rooms and apartments to 1400.
Ms Palaszczuk said more than 1000 jobs were likely to be created during construction of the proposed tower and live sports theatre.
"While the proposal is subject to various approvals and joint venture agreements, I commit my Government to work with The Star and its partners on the tower plan," the Premier said.
The existing Jupiters hotel is already undergoing a full refurbishment of its almost 600 rooms, while a 6-star 17-storey hotel tower, with more than 50 luxury suites, is under construction at the front of the property.
It is envisaged the proposed new tower will feature a 4.5-star hotel, ensuring a breadth of price points, accommodation offerings, and universal tourism appeal at the property – with the existing upgraded hotel a 5-star facility and the new all-suite tower to deliver on 6-star quality and service.
The Star Entertainment Group is planning to work in joint venture with Hong Kong-based Chow Tai Fook Enterprises and Far East Consortium on developments at all three of its properties in south-east Queensland and Sydney.
The three companies formed Destination Brisbane Consortium to successfully bid for the right to develop the Queen's Wharf precinct in the Brisbane CBD, a $3 billion transformational project that will see a new integrated resort operational by 2022.