Chinese developer Ridong (Gold Coast) Development has lodged plans with the Gold Coast City Council for a luxury three-tower project in Surfers Paradise. The $900 million development, named Jewel and backed by the private wealth of Ridong founder Riyu Li, will be another “six” star hotel for the Gold Coast.
The eco-friendly development, which comes with a five-star green rating, is said to be one of the largest privately funded tourism infrastructure projects on the Gold Coast in 25 years.
Work on the tri-tower project, proposed for a 1.13ha beachfront site at the southern end of Surfers Paradise, is scheduled to begin at the end of 2012.
Hyatt, Shangri-La, Peninsula and Setai chains have been named as possible hotel operators at Jewel.
The resort tower will have 298 suites and apartments, as well as restaurants and cafes, a beach club, day spa, and conference rooms within a three-level podium.
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