- Clive Palmer to reopen Sunshine Coast resort after a decade mothballs
Billionaire Clive Palmer has announced the luxury Sunshine Coast resort he closed over a decade ago will reopen next year.
Palmer acquired the 5-star Hyatt Regency site in 2011, renaming it the Palmer Coolum. But four years later he shuttered the resort which has remained closed since.
The resort offers more than 300 rooms and villas, and includes an active 18-hole golf course, which used to host the Australian PGA Championship until 2012.
But now there have been reports of a flurry of activity, with tradespeople beginning the process of bringing the resort back to life.
Palmer previously announced the resort would reopen in 2022 after an ambitious $100 million redevelopment, but that never eventuated.
