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The sale, for an undisclosed amount, follows an exclusive off-market, invitation-only campaign. The airport hotel represents Star Group’s second hospitality investment on the Gold Coast and adds to its expanding portfolio, which includes 50 licensed venues, over 115 retail liquor outlets, and six accommodation venues across Queensland.
However, weve always had the capacity to add extra floors to the building in line with the original DA approval and with Sydney now rebuilding its international tourism and business markets, this is the ideal time to add luxury accommodation.
We are proud to officially open The George Glenelg, a project that reflects our deep connection to Glenelg and our vision for the future of tourism in South Australia, said Taplin Group Director, Tom Taplin. Its the latest venture from Taplin Group, a South Australian family-owned company with a heritage dating back to 1932.
Managed by La Vie Hotels and Resorts, the 97-key hotel will feature luxury accommodation and a signature food and beverage partner. “At This project represents a major investment in Melbourne’s future, with long-term benefits in job creation, tourism, and economic growth.”
Since 2016, Marriott International has increased its hotel count in the Australia, New Zealand and Pacific market from seven hotels in 2016 to 47 in 2023, with the addition of a number of new brands, such as Moxy, and the opening of the world’s largest W Hotel in Sydney last October.
The latest report, New Zealand Hotel Performance Focus, shows that this growth was achieved despite ongoing declines in key urban markets such as Auckland and Wellington. The transition towards premium accommodation and greater international demand underpinned Queenstowns strong result for April.
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