The Star Entertainment Group will start construction on a second $400 million tower at its Gold Coast property delivering a fourth hotel to The Star Gold Coast when it opens in mid-to-late 2024.
The 63-storey mixed-use tower will include an internationally recognised five-star hotel brand with whom final negotiations are taking place.
The Star’s CEO Matt Bekier announced the green light for the new development as works continue on the Dorsett hotel and apartments tower – the inaugural project in a $2 billion-plus masterplan for the Broadbeach Island property.
Tower 2 will be built on the most south-eastern part of Broadbeach Island, and will feature 210 five-star hotel rooms, plus 457 apartments that will form part of The Star Residences Gold Coast.
Tourism Minister Stirling Hinchliffe welcomed the consortium’s decision to proceed with this significant investment in the Gold Coast.
“This is an outstanding win for the Gold Coast and the Palaszczuk Government’s focus on jobs and helping the tourism industry to rebuild better after COVID-19,” Hinchliffe said.
“We approved the consortium’s $2 billionplus masterplan in 2018. Today’s decision to proceed with a second mixed-use tower for locals and visitors shows confidence in Gold Coast tourism’s economic recovery.”
Destination Gold Coast Consortium Chairman and The Star Entertainment Group chairman John O’Neill said the second mixed-use tower was a show of confidence from the 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,” O’Neill said.
“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.”