Chinese Developers Golden Horse Announce $60m Gold Coast Hotel


Hong Kong developer Golden Horse Group has committed to building a $60 million hotel on the Gold Coast’s Hope Island, unveiling plans to open a new-build hotel under the Swissôtel brand in 2019.

On Monday, Golden Horse signed an agreement with the hotel giant Accor to manage the 150-room, $60 million property under its new Swissotel brand. The hotel will be the Gold Coast’s first “luxury” 5-star hotel in 30 years.

The announcement comes exactly 12-months on from AccorHotels’ acquisition of the FRHI Group, comprising Fairmont, Raffles and Swissôtel hotels.

Trudy Crooks of Resort Brokers Australia said news of the development was positive: “[P]articularly for the Gold Coast where new stock will be needed in view of rising visitor numbers and the enormous exposure the region will receive due to the 2018 Gold Coast Commonwealth Games.

“Despite Accor chief Simon McGrath’s comment that he expects the hotel will be dominated by domestic travellers, I think it is very important we are providing new product that will be of a standard to meet the demands of the growing Chinese visitor market, and support ongoing growth in that market.”

“By 2020, China will overtake New Zealand as Australia’s biggest source of international visitors, worth around $13 billion to our economy, so it is vital we continue to raise the bar in terms of catering to the needs of [Chinese] visitors.

“Accor and Swissotel will be a great match for this property, particularly in view of the Chinese Optimum Services Standards they have implemented,” Crooks said.

The new-build Swissôtel Gold Coast Hope Island Resort will be built at the popular 18-hole Links Hope Island Golf Course precinct, in the Hope Island district.

It would be the second Swissôtel in Australia after Sydney and just one of 30 worldwide.

Golden Horse also owns $380m residential site in Sydney’s Erskineville, purchased the Noosa Springs golf course for $60m and recently developed a 20-level residential apartment tower in Brisbane. Golden Horse reportedly spent $14m buying The Links at the Hope Island Resort in 2013.

AccorHotels Chief Operating Officer Pacific, Simon McGrath, said the development would significantly contribute to local economy and bring a new level of accommodation to the Gold Coast.

“The Gold Coast is one of Australia’s strongest performing tourism markets, with domestic and international visitation figures increasing year-on-year and leisure proving to be a robust sector,” said McGrath.

“The Swissôtel brand is internationally renowned for quality, intelligent design and 5-star luxury and to that we are thrilled to be announcing our partnership with Golden Horse Group to bring the Swissôtel brand to Queensland.

“The Swissôtel Gold Coast Hope Island Resort is a significant and exciting addition to AccorHotels growing luxury hotel portfolio and will be a major driver and drawcard for both the corporate and leisure sectors. The facilities the resort will offer will draw considerable interest; combine this with year round warm weather, Swissôtel Gold Coast Hope Island will undoubtedly be a flagship property in our network.”

Mr Feng, owner and director of Golden Horse Group said, “We chose Hope Island as one of our core development areas as it has a great locational advantage, being part of the booming northern corridor of the Gold Coast yet only 40 minutes from Brisbane.

“Working with AccorHotels, the Swissôtel brand will bring our concept to a new level and the resort will be an absolute destination for people all over the world to experience.”

TheUrbanDeveloper.com 20/07/2017

Watpac Commences Construction on Brisbane’s Mary Lane

 

 

| Category: Companies, Construction, News, QLD, Residential |

Watpac has commenced construction on Mary Lane’s mixed-use development in Brisbane CBD, following its exceptionally strong launch in March this year with almost half of the project sold totalling more than $60 million.

According to Paul Riga from Urbis, Mary Lane was the best performing residential project in Brisbane CBD in the first quarter this year with 79 unconditional sales reported.

“The CBD was the only precinct out of the six within inner Brisbane to record an increase in transactions in the March quarter, with the 64 per cent jump being due to the launch of Mary Lane.”

Developed by Mary 111 Pty Ltd, the $325 million mixed use development at 111 Mary Street will feature 184 residences, five-star Westin Hotel with 286 rooms and suites plus a range of dining and entertainment options.

One, two and three bedroom residences and penthouses have been attracting investors, local downsizers and owner occupiers.

We love the lifestyle that the CBD offers, and Mary Lane was the obvious choice as it was only a block away from where we are living now,” said Suzanne.

“We were looking for a well finished, new apartment with plenty of space to entertain our family when they visit. The L style design was ideal as the master suite is well separated from the second bedroom offering our guests more privacy.

“Important inclusions such as storage were also considered and with the purchase of our residence we receive an on-floor storage room which is quite unique for apartment living in the CBD.

“Residents also have exclusive access to the recreation deck on level 37 with gym, infinity pool and BBQ and function area. They will be such beautiful facilities to enjoy and entertain in,” Suzanne said.

Andrew Roubicek, Director of Residential at Colliers International who is marketing the project said the internationally renowned architectural firm Woods Bagot designed the project, with the layout of the residences well suited for the owner occupier.

“North facing three bedroom residences are selling for an average price of $1,490,000 and feature 2 bathrooms and 2 car spaces. The 2.7 metre high ceilings and expansive glazing will take the full advantage of the views across the Story Bridge, Brisbane River and the City.

“Spaciousness and quality have been carefully considered with residences totalling 152sqm in area complete with timber floors, Siemens gas appliances, dedicated laundry, as well as an exclusive on-floor storage room.

“Westin Hotel services such as in-room dining, maid service and use of hotel spa, bar and restaurants will also be available to residents of Mary Lane,” Mr Roubicek said.

Teh Urban Developer logo

Fresh Scheme for Waterfront Units

Gold Coast Bulletin, Friday 18 March 2016

A Chinese buyer who owns a Southport highrise site is planning to develop luxury boutique tower, Rivera, on a Surfers Paradise waterfront parcel that formerly hosted a doctor’s practice.

Wanda Wu has paid $3.19 million for the 823 sq m holding, on the corner of Remembrance Drive and Hamilton Avenue. The site was approved last year for a 15 level tower with 56 units.

Brad Berkur, of Ray White Commercial, said Mr Wu was in the process of having the approval amended and he planned to develop an 18 level tower with 64 apartments.

Bundall architect, Paul Zuikilas had designed the enlarged building, which will occupy a site close to the Watermark Hotel.

“Rivera is intending to offer buyers a top-shelf product and it will be launched in the next few weeks,” said Mr Merkur.

Mr Wu last year gained approval for a 28 floor tower, The Beacon, to be developed on a site at White Street, Southport.  He has since put the 1,456 sq m parcel, assembled at $2.5 million cost, on the market.

A tower was first mooted for the Rivera holding in 2006 when Robert Diaz, through company D Velopments, gained approval to develop a 10 level building.  The site was sold for $2.8 million the following year to Sydney company Morehuman (Surfers Paradise), associated with John and Andrew Vamvakaris.

They unveiled plans for an 18 level tower with 17 single floor apartments that would include and entertainment room, pool and gymnasium. The holding, which is on two titles, was put on the market last year priced at $2.9 million.

Paradise Island is across the water on the western side of the Rivera site.

 

Harbour Town Apartment Towers

An artist impression of the apartment towers Lewis Land is planning to build next to the Harbour Town Shopping Centre

LEWIS Land, after a 40-year Gold Coast history in property development, appears set to turn apartment builder in its own right for the first time.

The group, started by the late Bernie Lewis in 1957, is planning apartment towers next to the Harbour Town Shopping Centre at Biggera Waters, which it built 17 years ago.

It’s lodged development applications for five buildings and it’s believed it has plans for another three in the pipeline.

All will be on the northern side of the shopping centre, with most around the small harbour that abuts the Dublin Docks Tavern and a Dan Murphy’s outlet.

Lewis apparently wants to include waterfront cafes, restaurants and offices in some of the buildings, which will range from six to 17 levels.

It appears there could be at least 500 apartments, a number that pales alongside the thousands of housing lots, mostly waterfront, that the company has developed on the Gold Coast.

 

Bernie Lewis, who died in 2004, cut his Gold Coast teeth in the mid-70s with the joint-venture development of Paradise Point Keys.

Other Lewis Land housing-land projects have included he Runaway Islands, Huntington Harbour, Keys Biscayne, Bayview Anchorage, and Grand Canal — all at the city’s northern end.

Then of course, there’s the diamond among its projects — The Sovereign Islands, a $1 billion land estate dredged up out of the Broadwater at Paradise Point.

Lewis also owned the adjacent Ephraim Island and it was developed in a joint venture with the ASX-listed Mirvac group.

Harbour Town was the group’s first major Gold Coast retail play and it has retained a 50 per cent stake in the $400 million centre.

The apartment tower plans appear to involve solely Lewis, who must feel confident of getting the nod for them.

The George Mastrocostas and Evan Raptis-run Emandar group and, latterly, Jim Raptis, have set precedents by getting the green light for, and building, apartment towers in the Harbour Town precinct on land bought from Lewis.

The Lewis request for development approvals reveals what’s termed ‘an indicative masterplan’ that covers a swath of its undeveloped land.

As well as apartments, the masterplan throws a marina and a childcare centre into the mix.

There’s no mention of plans for a long slab of land Lewis still owns on the eastern side of Oxley Drive and north of the Harbourside Market.

 

PUBLISHED IN GOLD COAST BULLETIN, 19 JANUARY 2016

Watpac To Build Luxury Mary Lane Development

The Urban Developer
February 2016

Watpac Limited announced it has been awarded the contract by property developer Mary 111 Pty Ltd to build Mary Lane – a prestigious $325 million residential, hotel and dining precinct in the Brisbane CBD. The 37-storey Mary Street tower will feature Brisbane’s newest 5-star international hotel, The Westin, and 184 luxury one, two and three bedroom residences, in addition to a multilayered atrium with laneways, fine dining restaurants and bars.

Designed by international architects Woods Bagot, the development incorporates separate facilities for residents and guests including a roof top recreation deck with pool, gymnasium, BBQ and function areas. The 286-room 5-star hotel element includes four podium levels with a large, resort-style pool with swim up bar, gymnasium, day spa, function space, lobby bar and restaurant.

Watpac Limited Managing Director Martin Monro said the Group was delighted to be awarded the contract to build this exceptional development in Brisbane.  “Mary Lane is going to shape executive living in Brisbane,  and the standard of luxury hotels in the CBD, so we are delighted to be delivering this project on behalf of Mary 111 Pty Ltd,” Mr Monro said. “This has been a highly anticipated development for Brisbane and Watpac’s appointment as builder is a strong endorsement of our skills and experience in delivering major projects in challenging CBD  locations.  “Mary Lane is a great addition to our workbook and we are very proud to be involved in the delivery of another landmark project in Brisbane.”

Mary Lane Development Manager Ian Pert, of GMP Management, said Mary Lane would breathe new life into Brisbane, creating an iconic precinct for the new world city. “This long-awaited development will transform Brisbane’s CBD and elevate its status as a desirable address and sought-after lifestyle location,” Mr Pert said. “We are pleased to welcome Watpac to the team and are confident the Group’s extensive building experience will be a major asset to a project of this calibre. “We expect a build timeframe in the vicinity of 24 months which points to completion of Mary Lane in 2018.”

Internal features include high quality finishes and fittings, stone benchtops, air-conditioning as well as European style appliances with apartments priced from $460,000 to more than $2 million. The developer owns significant properties within Brisbane CBD and also owns the neighbouring Four Points by Sheraton hotel at 99 Mary Street.

Starwood Partners with Chong on Westin

 

Financial Review
By Larry Schlesinger

Nov 18 2015 at 11:00 AM  Updated Nov 18 2015 at 3:23 PM

US hotel chain Starwood Hotels and Resorts, which announced its proposed global merger with Marriott International this week, will bring its luxury Westin brand to Brisbane, with a new 286-room hotel to open in 2018.The hotel will form part of Malaysian-born mining magnate and BRW Rich lister Sam Chong’s $325 million mixed-use high-rise development Mary Lane, at 111 Mary Street in the city centre, which was approved in October.

It adds to a big pipeline of hotel projects for Starwood, including a new W Hotel in Brisbane, due to open in 2018, and new hotels under various brands in Melbourne, Sydney, Adelaide and Perth.

“It will give us a Westin hotel in all the major capital cities,” Sean Hunt, regional vice-president at Starwood Hotels and Resorts, said.

“The Westin hotels are market leaders in Sydney and Melbourne, with the highest combination of occupancies and room rates,” he said. Singaporean and Hong Kong interests snapped up the Westin Sydney for $445 million in May.

It will be Starwood’s fourth Westin hotel in Australia, with a new Westin due to open in Perth in 2017, as part of the redevelopment of the old Perth fire station site by Len Buckeridge’s BGC Group.

“We look forward to working with Starwood on this development project and the debut of Westin in Queensland,” said Mr Chong, who also developed and owns the five-star Four Points by Sheraton Brisbane, which opened in 2014.

January to July figures from consultancy STR Global show Brisbane luxury hotels enjoyed tighter demand than the city’s overall hotel industry, with an 80 per cent occupancy rate, compared with the overall figure of 73 per cent.

Mr Hunt said the new hotel would be a “demand driver”, bringing visitors to Brisbane, and was sorely needed, with much of the city’s hotel stock “old and faded”.

The Westin Brisbane will feature 286 guest rooms, a fitness studio, a resort-style swimming pool, with swim-up pool bar, 667 square metres of meeting and event space, and a 24-hour business centre.

Andrew Taylor, director of acquisitions and development at Starwood, said 2015 would be a record year for new hotel signings in the Pacific region for the operator, with seven signings.

“We will have a few new announcements to make in the first quarter of next year too,” Mr Taylor said.

Brisbane lord mayor Graham Quirk welcomed the announcement of another luxury hotel. He said visitors to Brisbane continued to grow, with one million international visits recorded in 2014 for the first time, resulting in a record expenditure of $1.8 billion.

Read more: http://www.afr.com/real-estate/starwood-partners-with-developer-sam-chong-on-first-westin-hotel-in-brisbane-20151117-gl1j6s#ixzz43VpVraQb
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$325 Million Mary Lane Project In Brisbane Launched

The Urban Developer | 3rd March 2016 | Staff Writer

The $325 million Mary Lane mixed-use development in the Brisbane CBD has been launched with the opening of a display suite at 113 Margaret Street.

Designed by international architects Woods Bagot, Mary Lane will comprise a mix of one, two and three bedroom residences as well as  limited penthouses, a dining precinct and the five-star Westin Hotel.

The homes are being marketed by Colliers International.  Development Manager Ian Pert, of GMP Management, said the 439sqm sales suite would allow visitors to experience what the Mary Lane concept is set to become. He said the expansive sales centre allowed buyers to immerse themselves in the project. “The display suite really puts things into context for off-the-plan buyers, providing them with an opportunity to experience the ambience of the project through a combination of display fittings, a large scale model, actual finishes, video and the mock up of kitchen, living and bathroom areas, Mr Pert said.

Colliers International director residential Andrew Roubicek, who is marketing the project, said about 80 sales worth more than $60 million had already been achieved. “I would suggest this achievement makes Mary Lane the best performing project in Brisbane considering the average price of all residences exceeds $900,000,” he said.

150923 - 111 Mary Street - Tower - Westin
Set to rise at 111 Mary Street, the building will comprise 184 apartments and 286 hotel rooms with separate facilities for residents and guests. Residents will have on floor storage rooms as well as exclusive use of the level 37 recreation deck with an infinity edge pool, gymnasium, BBQ and
function area.

Residences are priced from $460,000 to more than $2 million. Developer Mary 111 Pty Ltd owns significant properties within Brisbane CBD and also owns the neighbouring Four Points by Sheraton hotel at 99 Mary Street.
Mary Lane to set to begin construction in the first quarter of 2016.

Green Light on The Lane

The $325 million mixed-use fusion of 184 luxury apartments, a five-star hotel and high-end retail was expected to deliver a new type of lifestyle in Brisbane’s CBD.

The Mary Lane development at 111 Mary St was given the green light by the Brisbane City Council within four months of a revised development plan being filed in June, with construction set to begin early next year.

The project’s most prominent back, Queensland rich-lister Sam Chong, was said to be worth $387 million last year.  Mr Chong’s fortune was made after founding the Jellinbah mine in Bowen Basin in the late 1980’s with businessman Ken Talbot and Jim Gorman.  He also owns the Felicity Hotel Group, which developed the site of the Four Points by Sheraton – also on Mary St.

Mary Lane development manager, Ian Pert of GMP Management, said the property would consist of 38 levels, including a 286-room hotel.

“A lot of things council wanted to see we incorporated into the design.  We were on the same page.  We wanted to see activation of the laneway and the streetway.  We wanted the food and beverage and laneway to create a destination atmosphere.  You want it to be a real hub and also a happening place,” he said.

The Park Royal in Singapore and St Regis in San Franciso provided inspiration for the development, he said, but it was also “a nod to Melbourne’s famed laneways”.

“As cities mature that’s where people will want to be – the inner city – because they will want that convenience and level of service that you get there.”

Colliers International director residential Andrew Roubicek, who is marketing the project, said the apartments were designed to appeal to the owner-occupier end of the market with the two-bedroom apartment larger than what was in the Brisbane market generally.  ” there is a significant appetite for apartments from empty-nesters, students and professional,” he said.

Among key features was the option on some apartments for exclusive use of storage units on 5-10sq m on the same floor.

Asked to comment on oversupply concerns raised by commentators in the past two weeks, Mr Roubicek said “Brisbane is not one market”.

“There are five markets in Brisbane – north, south, east, west and CBD.  Right now there is no CBD project for sale other than Brisbane Skytower, which is a totally different offering of over 1000 apartments, whereas there are less than 200 apartments in Mary Lane. It’s a very unique and smaller offering than Skytower and for me that’s a good thing. . . Our location, design, inclusions, there’s nothing else for sale in Brisbane CBD at all like it.”

Mary Land will have one, two and three-bedroom apartments, with prices ranging $460,000 to $2 million+.  Features include a level-37 recreation deck with resort-style pool, gym, barbecue and function area.  There would also be a day spa, lobby bar and restaurant.

Key Points:

Project:  Mary Lane
Location:
 111 Mary Street, Brisbane CBD
Value:  $325million
Developer: Mary 111 Pty Ltd
Design:  Woods Bagot
Marketer:  Colliers International

Details:

Mixed Use: 286 room 5-star hotel, 184 executive residences, restaurants and bars
Residential Offering:  1, 2 and 3-bedroom apartments, on-floor storage, rooftop pool, BBQ area and gymnasium.
Apartment Price:  From $460,000 to $2m+

 

24 October 2015, Courier Mail Brisbane

Millionaire Sam Chong to build another five-star hotel in Brisbane

Mining and property millionaire Sam Chong continues to stamp his mark on the Brisbane hotel scene, revealing plans for a $325-million, five-star international hotel in Mary Lane.

The eponymous Mary Lane hotel will feature 286 hotel rooms and 184 luxury apartments, as well as a fine-dining precinct, and is expected to be completed in 2018.

Mr Chong and his development management team GMP Management plan to use the project to open and activate Mary Lane.

“We will turn the hotel inside out. It won’t be one of those big-entry hotels where you would go only if you have money,” GMP Management development manager Ian Pert said.

“We want to open eclectic restaurants and bars in the laneway … We don’t want it to be too corporate.

“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale.”

The apartments and hotel will be on separate  levels, with the apartments sitting atop the five-star hotel.

The rooftop, which will have an infinity pool and barbecue areas, will be used only by apartment residents. One- to three-bedroom apartments will start from $500,000 to $1.8 million. Four penthouses will also be on offer.

Woods Bagot will design the property, which will be marketed by Colliers International.

Mr Chong’s company, Mary 111 Pty Ltd, will own the  property, including the 400-square-metre food and beverage retail spaces, which will be leased. .

Brisbane-based Mr Chong also owns the neighbouring five-star Four Points by Sheraton Brisbane through his other company, Felicity Hotels Group.

His son Paul runs the hotel.

Malaysian-born Mr Chong, 70, who arrived in Australia in the late 1960s to study, accumulated his wealth in mining. He worked in Tasmania and Christmas Island before landing at Queensland Coal Mine Management, now Jellinbah Group.

Now he owns a quarter of the company, which runs two operating coal mines in central Queensland’s Bowen Basin.

Mr Chong’s wealth has slipped as commodity prices have fallen but is still on the BRW 200 Rich List, with $382 million.

By Su-Lin Tan, Financial Review

Brisbane Poised for Luxury Hotel Living

 

BRISBANE City Council has given the green light to a $325 million luxury five-star hotel and apartment tower which will see the renaissance of a landmark site in the heart of the CBD.

Developer Mary 111 Pty Ltd, associated with local businessman Sam Chong, will fuse a five-star international hotel with executive residences in a format popular around the world but not seen before in Brisbane.

The concept has already proved successful on the Gold Coast where Brookfield Multiplex developed the $700 million Hilton Surfers Paradise Hotel and Residences, which comprises 169 hotel rooms and 224 luxury apartments.

The approval granted to Mary Lane in Brisbane is for 286 hotel rooms and 167 residences, although the developer has since lodged an amendment which will retain the current building form but bring the number of residences to 184.

The developer will retain control of the building’s 400sqm retail element which will include a café, restaurants and bar.

Development manager Ian Pert, of GMP Management, describes Mary Lane as a unique offering in the Australian market that combines an executive residential offering atop a five-star hotel.

“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale,” he said.

“There is no peer in Australia for a project of this type and it’s going to add a new dimension to the living experience in Brisbane’s CBD.

“The desigBn of the building takes its cues from cosmopolitan cities around the world.”

Pert says a large part of the design brief involved activating the frontage to Mary Street to attract people and create a destination in its own right.

Construction of the tower is set to begin in early 2016 and an agreement with an international hotel operator is in its final stages.

Chong, who is based in Brisbane, also owns the neighbouring Four Points by Sheraton and has significant interests in the resources and property sectors.

The project has been designed by Woods Bagot and residences will be marketed by Colliers International.

Mary Lane will comprise a mix of one, two and three-bedroom residences as well as a limited number of penthouses.

Written 15th October 2015 Business News Australia

$325m 5Star Hotel on Mary St Brisbane

Brisbane City Council has given the green light to a $325 million luxury five-star hotel and apartment tower which will see the renaissance of a landmark site in the heart of the CBD.

Developer Mary 111 Pty Ltd, associated with local businessman Sam Chong, will fuse a five-star international hotel with executive residences in a format popular around the world but not seen before in Brisbane. The approval is for 286 hotel rooms and 167 residences, however the developer has since lodged an amendment which will retain the current building form but bring the number of residences to 184. The developer will retain control of the building’s 400sqm retail element which will include a café, restaurants and bar. Development manager Ian Pert, of GMP Management, said Mary Lane was a unique offering in the Australian market by incorporating an executive residential offering atop a five-star hotel.

150929 - 111 Mary Street - Tower - 2000“The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale,” he said. “There is no peer in Australia for a project of this type and it’s going to add a new dimension to the living experience in Brisbane’s CBD. “The design of the building takes its cues from cosmopolitan cities around the world.” Mr Pert said a large part of the design brief was activating the frontage to Mary Street to attract people and create a destination in its own right. Construction of the tower is set to begin in early 2016 and an agreement with an international hotel operator is in its final stages. Mr Chong, who is based in Brisbane, also owns the neighbouring Four Points by Sheraton and has significant interests in the resources and property sectors. The project has been designed by Woods Bagot and residences will be marketed by Colliers International.

 

Mary Lane will comprise a mix of one-, two- and three- bedroom residences as well as a limited number of penthouses. The design incorporates separate facilities for residents and guests. Resident facilities include a level 37 roof top recreation deck with pool, gymnasium, BBQ and function areas. The hotel element includes four podium levels with a large, resort-style pool with swim up bar, gymnasium, day spa, function space, lobby bar and restaurant.

15th October 2015 | Category: Hotel, New Developments, News, QLD, Residential, Top Stories | Staff Writer