Star to Pre-Sell Gold Coast Units

As soon as next month, Australian casino operator Star Entertainment Group may start selling apartments in the new hotel tower at its Gold Coast resort (l.). The tower will not even begin construction until next year.

Star to Pre-Sell Gold Coast Units

Star Entertainment Group of Australia has announced that it will start this month to market apartment units at its new hotel tower at the Star Gold Coast resort, though the addition won’t break ground until sometime in 2020.

According to MyGC.com, the 215-meter (70-story) hotel, the fourth in the complex, will be part of an AU$850 million (US$599 million) makeover that will also add a five-star hotel, restaurants and bars, a day spa and entertainment venues.

“This latest hotel tower will further progress the internationally-competitive resort facilities we are offering to domestic and international tourists,” said Star Entertainment Group Managing Director and CEO Matt Bekier.

“If our master plan is rolled out in full—and there is so much more we would like to deliver—the Star Gold Coast will be the equal of the finest integrated resorts in the world and complement our AU$3.6 billion project at Queen’s Wharf Brisbane. Under the right conditions and circumstances, we will operate both properties in tandem as beacons for southeast Queensland, drawing interstate and international visitors to turbo-charge the tourism industry.”

The new tower will be The Star Gold Coast’s second mixed-use hotel and apartment tower after the AU$400 million Dorsett, which broke ground in 2018 and is due for completion by 2022.

Star’s so-called “master plan” for the area includes associated facilities on Broadbeach Island, although that plan might be shelved if the Queensland government issues a second Gold Coast casino license. Genting Group, Caesars International and Hard Rock International are among the operators said to be interested.