Investment group Aquis Australia has unveiled plans for a new $440 million hotel in a prime beachfront position in Surfers Paradise that will become a benchmark for luxury accommodation in the Asia Pacific region and attract a new generation of wealthy travellers to the Gold Coast. The project is planned for the site of the current Pacific Point apartment complex and adjoining properties on Main Beach Parade. The current tower will be demolished to make way for a 48-storey complex that will include 580 hotel rooms and suites as well as the Gold Coast’s premier dining and entertainment facilities. During construction, the project is expected to create more than 850 jobs and once operational the new hotel is supposed to generate more than 200 full-time positions. It is the only new, large-scale hotel currently planned for south-east Queensland not linked to an integrated resort/casino project.

Aquis Australian chairman Tony Fung said the property would be the first truly six-star beachfront hotel in Australia and target ‘super-luxe’ travellers from around the world.