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

SUPREME COURT ORDERS OCTAVIAR GROUP TO WIND UP

THE Queensland Supreme Court has ordered the Octaviar Group of companies (formerly known as MFS Group) to be wound...

CEOS BRAVE THE COLD TO RAISE $1.4 MILLION FOR THE HOMELESS

MORE than 400 executives confronted the cold last night in the annual Vinnies CEO sleepout, which took place benea...

JENNIFER WESTACOTT ON BANK TAX: IT EXPOSES GOVERNMENT "DESPERATION"

South Australia's new bank levy exposes the desperation of a government that is unable to get its own budget and ...

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

Related News

BASKETBALL'S COMEBACK CONTINUES WITH NBL CLUBS TO FACE OFF AGAINST CHINA'S NATIONAL TEAM

THE RESURGENCE of Australia's National Basketball League (NBL) continues with China's national team to play t...

DOMESTIC TOURISM IN AUSTRALIA BREAKS RECORDS, INJECTS $61.7 BILLION INTO NATIONAL ECONOMY

DOMESTIC Australian tourists have spent a record breaking $61.7 billion on intra and interstate travel this year, acc...

THE DOCTORS WHO PLUNGED INTO THE SHARK TANK AND SURVIVED WITH A $500,000 INVESTMENT

THEIR mission is to change the face of cancer care with an app that empowers and connects patients and care givers...

IMF BRACES FOR BIG LOSS FOLLOWING WITHDRAWAL FROM SPOTLESS CLASS ACTION

LITIGATION fund IMF Bentham (ASX: IMF) is set to lose as much as half a million dollars after it ceases funding one o...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter