JUPITERS Casino owners have announced plans to build a second tower at its Gold Coast site.
The Star Entertainment Group revealed this morning that it had begun the planning process for the new 200m-high hotel tower on the ocean side of the property.
It is in addition to the $345 million refurbishment of the existing hotel and the 17-storey luxury tower currently under construction.
It was also announced that a live sports theatre is planned to be a part of the transformation by owners Star Entertainment Group.
The new tower is expected to house around 700 hotel rooms and apartments. This will bring the casino and resort’s room numbers to almost 1400.
The existing Jupiters hotel is currently undergoing a full refurbishment of its almost 600 rooms, while a 6-star 17-storey hotel tower, with more than 50 luxury suites, is under construction at the front of the property.
The total investment under consideration has the potential to reach around $850 million with the proposed hotel/apartment tower plus the additional development works around the sports theatre, and further food and beverage offerings.
It is expected that the proposed new tower and sports theatre, and the six-star all-suite hotel where works are already under way, could generate more than 1000 construction jobs.
Jupiters’ workforce has been tipped to increase to around 2300 employees once the projects are complete and the new areas operational.
Star says the new tower will feature a 4.5-star hotel, ‘ensuring a breadth of price points,
accommodation offerings, and universal tourism appeal at the property’.
Earlier this week it was announced a park named 30 years ago in honour of theGold Coast Bulletin centenary will undergo a $1 million transformation in time for the 2018 Commonwealth Games.
The canal-front Broadbeach patch has been virtually forgotten at the corner of TE Peters Dr but will receive new seating, lighting, pathways, stage and a “sculpted grass mound” as part of the redevelopment of neighbouring Jupiters Gold Coast, which is set to be renamed The Star Gold Coast.
Pending various approvals and the execution of final joint venture agreements, The Star
Entertainment Group aims to develop a tower of approximately 200 metres with its Queen’s Wharf Brisbane partners, Hong Kong-based Chow Tai Fook Enterprises and Far East Consortium.
“We want to be Australia’s leading integrated resorts operator and our plans for the Gold Coast are a significant part of that vision,” The Star Entertainment Group CEO Matt Bekier said.
“Our commitment to the Gold Coast is unambiguous. We are already well advanced on transforming the property through the hotel refurbishment and new restaurants, and later this year when we rebrand to The Star Gold Coast, the new six-star all-suite tower will be rising out of the ground.
“Adding another tower in joint venture with such highly-credentialed partners as Chow Tai Fook
Enterprises and Far East Consortium has the potential to create a tourism asset at scale that helps serve to position the industry as an economic driver in Queensland.
“Importantly, we will also have a world-class property just up the highway at Brisbane to ensure the tourism experiences on offer, while unique by location, will also be complementary and of benefit to the broader southeast Queensland area by significantly increasing visitation.
“Our partnership with Chow Tai Fook Enterprises and Far East Consortium, with their insights and touch points in Asian markets, will also assist in that respect.”
Date: February 12 2016
Written by: Kathleen Skene & Lexie Cartwright