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

APOLLO REVS UP ITS RESULTS

APOLLO Tourism & Leisure (ASX: ATL) has hit its profit forecast in its maiden result as a publicly traded company...

JASMINE YARBROUGH AND TAMIE INGHAM TAKE MARA & MINE TO HOLLYWOOD

MARA & MINE entrepreneurs Jasmine Yarbrough and Tamie Ingham (pictured left and right respectively) slipped in...

HUGE PROFIT SPIKE FOR HELLOWORLD HEALS MERGER WOUNDS

HELLOWORLD (ASX: HLO) gripped the share market this morning after its announcement of a whopping 880 per cent increas...

PROFIT DROP AT SERVCORP

SERVICED office company Servcorp has seen its profit fall, citing New York City, Singapore and Saudi Arabia as the pr...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter