Share and Follow
Businessman Eric has officially announced his father’s company’s ambitious project to construct Trump International Hotel & Tower Gold Coast, sharing a visual of the planned luxury structure on the social platform, X.
“It fills me with immense pride to unveil plans for what is set to become the tallest building in Australia – Trump International Hotel & Tower Gold Coast,” Eric expressed enthusiastically.
“This project marks our inaugural endeavor in Australia, a remarkable nation in every sense, and I am thrilled to contribute to its architectural landscape for generations to come,” he added.
According to Altus Property Group Pty Ltd, the Trump International Hotel & Tower is designed to soar to a height of 340 meters, encompassing 91 storeys.
David Young, CEO of Altus, revealed that the agreement was finalized on February 14 at Trump’s residence in Florida, although this development has been in the pipeline for two decades.
“We are now deeply into a process of design, engineering, construction and fit-out that will cost a shade under $1.5 billion and bring the world’s preeminent hotel-resort brand to our shores,” Young said.
“This project is entirely funded by private investors who come from Singapore, Hong Kong, UAE and the United States.”
Gold Coast Acting Mayor Mark Hammel said he supported the plans for a Trump hotel.
“We welcome investment in the city, it shows confidence in our city and ultimately creates jobs,” he told nine.com.au in a statement.
“A formal development application will be required, and we look forward to considering the application once it is received.”
Local reaction to the announcement, however, has been swift and varied.
Competing petitions have been launched both for and against a Trump hotel to be erected on the famous beach.
A petition urging Gold Coast City Council and the Queensland Government to reject the development plans and block the proposed Trump tower has already garnered over 23,000 signatures.
“There is growing concern about proposals to build a Trump-branded tower in Surfers Paradise,” the Change.org peition states.
“Beyond issues of over-development, environmental impact, and pressure on local infrastructure, many residents are deeply uncomfortable with the Trump brand and what it represents.”
A second petition was also launched in support of the hotel.
This pro-Trump petition, signed by 3240 people at the time of writing, states that the proposed hotel “holds immense potential to transform the local economic landscape and propel the region into a thriving hub of activity and opportunity”.
“We believe that the Trump Tower project could usher in a new era of prosperity and innovation for the Gold Coast,” the petition starter added.
Trump Hotels, which has over 130 hotels around the world, confirmed the development is “coming soon”.
A third of the building is set to be apartments starting at $5 million, although a price tag for penthouses is yet to be set.
Shops and a beach club will also be integrated into the resort.
NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.