Laura Langford from Canford Property Group has commented on the trends in the Gold Coast hotel market, "The latest tourism data for the Gold Coast has seen the biggest shift away from serviced apartments towards hotels for key groups including baby boomers, millennials and the increase in Asian tourists travelling independently."

"These groups want all the hotel services, luxury facilities and technology at their finger tips. They want a social scene where they can connect with likeminded others. These groups enjoy experiencing the eclectic eateries and bars available on the Gold Coast so they don’t need the fully functioning kitchens you find in serviced apartments."

Canford Property Group, together with tier one builder Multiplex, have been engaged to advise on a feasibility for a site in Surfers Paradise which is proposed to be the destination for a new 200 room 4/5 star international hotel.

multiplex.png

Hotel construction by Multiplex. Source: Multiplex

See also: The Infrastructure Driving Tourism on the Gold Coast - Canford

Laura Langford further commented, "the 2,129m2 site has a DA for 211 apartments over 45 levels however, the site has been identified as a suitable location by an international hotel brand. As there is growing demand for new hotel rooms, we see this as a fantastic package for the incoming investor; they can input their design ideas and the land owners are flexible on their exit terms."

Roland Evans from Canford Property Group told WILLIAMS MEDIA "The pro forma of the proposed hotel is 200 keys over 20 levels to capture ocean, Gold Coast iconic skyline and hinterland views. The room sizes will be approximately 28m2 plus balconies. One level of car parking and resort facilities including a swimming pool, conference centre and a restaurant/bar will also compliment the accommodation."

See also: The Spit Gold Coast Ocean Park development project a first for Australia

"There is a Memorandum of Understanding in play for the management rights from the International Hotel brand, thus offering potential income security for the investor upon completion of the build.”

If you would like more information on this hotel development opportunity phone or email Laura Langford or Roland Evans at Canford Property Group via the contact details below.

Click here to view the Canford Property Group website.

This is a Sponsored Featured Property by Canford Property Group. Click here to read the disclaimer.

See other major projects on the Gold Coast:

New global luxury hotel brands to grow SEQ into a star-studded destination

Accor and sbe to launch iconic Hyde Paradiso brand in Gold Coast, Australia

Gold Coast global tourism hub development to move forward

See sold hotels on the Gold Coast:

Hilton Surfers Paradise sold for $70m to Jerry Schwartz

Pacific Views Gold Coast management rights sold off market

See hotels for sale in QLD:

International hotel brand development opportunity Gold Coast

Don Pancho Beach Resort for sale in Bargara Central Queensland CBRE Hotels

Click here to view the Canford Property Group website.

This is a Sponsored Featured Property by Canford Property Group. Click here to read the disclaimer.