A NEW 200-metre tall hotel and apartment tower at Jupiters Gold Coast has been approved by the Queensland Government, with construction set to commence in 2017 and completion expected in 2020.
In a statement last week, Premier Annastacia Palaszczuk said The Star Entertainment Group's commitment to a new tower, and its current transformation projects including a new six-star 17-storey hotel, was a combined investment of up to $850 million that would increase accommodation to almost 1,400 rooms.
The development will be undertaken by The Star Entertainment Group in a joint venture with Chow Tai Fook and Far East Consortium. The new tower is the first of up to five within a future development plan for Jupiters, unveiled earlier this year and detailed throughout an extensive community information campaign.
Included in the tower construction will be a new restaurant and bar concept, and a luxurious day spa. An eighth floor recreation deck with ocean views will include a resort pool for hotel guests and quality residential facilities, while a range of flexible open spaces surrounded by tropical gardens will take advantage of the Gold Coast climate and lifestyle.
Ms Palaszczuk described the project as a vote of confidence in Queensland and the Gold Coast as a must-visit tourism destination, where total visitors to the city last financial year increased by 12 percent to 4.7 million, with an estimated combined expenditure of $4.18 billion.
The Star Entertainment Group Managing Director Queensland, Geoff Hogg, said the new tower will continue an extensive and ongoing redevelopment project, which will lead next year to the rebranding of the Jupiters property to The Star Gold Coast.
"The existing transformation is going well. By the end of the year we'll have completed the refurbishment of the almost 600 rooms in the existing 31-year-old hotel, together with the addition of new food and beverage outlets," Mr Hogg said.
"We are also well beyond the halfway milestone in the build of the 17-storey six-star hotel tower at the front of the property and it remains on track to be fully operational before the Gold Coast 2018 Commonwealth Games."
The long term master plan concept for the property provides future development options potentially worth multiple billions of dollars featuring:
- Up to five new hotel and/or apartment towers;
- A world-class recreational deck with water features;
- Tropical gardens, pools, and spa
- New entertainment facilities.