Hilton ahead of schedule

Written on the 3 December 2010

SEP 2010

Brookfield Multiplex expects the first tower of the Hilton Surfers Paradise to be completed in November.

The 32 level Boulevard Tower is now ‘topped out’ with the remaining work focusing on the exterior finish and apartment fit-outs. Construction on the 52-floor second tower is also ahead of schedule with a new level being built every four days.

Brookfield Multiplex construction and development managing director George Kostas, says the company was always confident the apartments would sell quickly.

More than $127 million in new deals has been secured since the project was relaunched in June 2009 with total sales in Hilton Surfers Paradise now topping $422 million.

“It’s right in the heart of Surfers Paradise; it’s the first brand-new facility of its type in almost a decade and the combination of the Hilton Hotel branded apartments is something that you don’t see very often in the Australian market and people have really taken to it,” says Kostas.

“You can buy an apartment as a private individual, have it as a holiday home or live here full-time and have full access to the hotel’s services – it’s not an offer you see every day.

“Sales rates are going extremely well – we’re very happy with the progress of sales. The west tower is completely sold – all 186 apartments – and the eastern tower we only have 35 left of the 224.

“So from where we were a year ago when we had 140 apartments to sell, we are well ahead of where we wanted to be.”

Hilton Worldwide Australasian vice-president Ashley Spencer, says it’s the first international branded property on the Coast.

“We’re very close and really excited to be here. The progress has been great, Brookfield has done a great job and the quicker they can open the quicker we can be here,” he says.

“It shows a lot of faith in the future of the destination. With hotels, we’re in it for the long run, we’re here for 30 or 40 years and it just shows the faith that ourselves and other organisations have got in the Gold Coast.”


Latest News

2017 BRISBANE TOP COMPANIES REVEALED

WHILE Queensland is regarded as an economy in transition with the winding down of the mining boom, the 2017 top 50...

2017 BRISBANE TOP COMPANIES 1-10

FROM insurance and banking to travel, gambling, retail, property and pizza, these "heavyweights" have ha...

2017 BRISBANE TOP COMPANIES 11-20

RETAIL, property, an airline, cars, real estate, software services, energy, agriculture, veterinary services bathr...

2017 BRISBANE TOP COMPANIES 21-30

JEWELLERS Michael Hill International listed in 2016 with a half-billion dollar market capitalisation and a new CEO...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter