Gold Coast Australia Luxury Real Estate To Rise

A new luxury hotel and apartments will go up in Surfers Paradise along the Gold Coast of Australia, according to news just released on Hospitality Net. The Hilton Surfers Paradise Hotel and Residences will have two high rise towers with 170 luxury hotel rooms and 340 premier apartments. The new project will be developed by the Raptis Goup in the central part of Surfers Paradise along Surfers Paradise Boulevard and Orchid Avenue.

“The creation of Hilton Surfers Paradise Hotel and Residences is the next step in reshaping Surfers Paradise from a traditionally tourist town to a metropolitan, urban-chic beach city. The project will deliver a new level of luxury accommodation and shopping for residents and visitors, at the same time, becoming a professional business hub,” said Raptis Group Chairman, Jim Raptis.

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The new hotel and residences will be completed in two stages over the next two to three years. The Boulevard Tower, housing the residential apartments and 32 stories tall, is due for completion in late 2009. The second part of the project, the Orchid Tower, housing both residences and hotel suites and planned to have 57 floors, is due for completion in late 2010. Both towers will be managed by Hilton Hotels. The property will be the first Hilton Hotel on the Gold Coast and the third Hilton in Queensland.

According to Gold Coast Tourism, tourism is the region's number one industry and currently attracts 4.4 million overnight visitors annually making it Australia's third most popular destination behind Sydney and Melbourne. The Gold Coast region is the number one regional visitor destination in Australia and Asia Pacific's third most popular business tourism resort destination.

The nearest major airport, Gold Coast Airport (OOL), is outside of Coolangatta and about 25 kilometers south of Surfers Paradise. There is direct and connecting service from Sydney, Auckland and other major Australian and Asian cities. Train service serves the coastline with a line running from Sydney to Brisbane, and there is also daily bus service.