The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
RetailStaff WriterMon 02 Mar 15

Major Hotel Chain Expected To Secure $650m Hamilton Development

I

 Three major hotel chains are in discussions over which hotel will secure the spot in the $650 Million dollar ICON development along the Hamilton waterfront in Brisbane.

The ICON development is being managed by private property trust

Wentworth Equities as a part of the Northshore Hamilton urban revival which is expected to see Hamilton emerge as a booming economic hub in a prime waterfront location.



RELATED ARTICLE: Approval given for $650 million mixed use ICON development at Northshore Hamilton



Wentworth Equities Executive Chairman, Sameh Ibrahim,

 told News Limited that up to 3 global hotel chains were ready to get involved with the ambitious project.

“A decision will be announced within eight weeks,” Mr Ibrahim said.

“We had the three biggest leading hotels compete for the tenancy after a detailed study by Urbis for demand.”

It was in December 2014 that the Economic Development Queensland granted approval for Wentworth to develop the site on Hercules Street.

Located just 9.5 kilometres from Brisbane’s CBD the 7,637 square metre site boasts 567 residential apartments, seven levels of underground parking as well as a restaurant and retail precinct.

Mr Ibrahim believes that the sites location is ideal considering it is only 100 metres away from the popular Brisbane Cruise Ship Terminal where close to 350,000 tourists embark each year.

He went on to suggest that this would correlate positively with economic activity in the region as the ICON development looks set to create 1,500 jobs as well as an additional 2,000 jobs in construction during the building of the project.

The hotel, which will be the first five-star hotel for the Northshore Hamilton, will take three years to complete according Sameh Ibrahim.

The news comes as the South-East Queensland corner is expected to boom, cashing in on a revived tourism industry and exciting infrastructure projects.

The transaction looks to eclipse the major hotel transactions in Queensland last year, which saw $70 million recouped from the transaction of the Jupiters Townsville Hotel Casino.

 

HotelAustraliaArchitectureSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
The property giant’s strategic shift to higher density is in full flight as details of two landmark projects are made pu…
LATEST
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
South Melbourne social housing precinct
Affordable & Social Housing

South Melbourne Housing Precinct Revamp Takes Next Step

Leon Della Bosca
2 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/major-hotel-chain-expected-secure-650m-hamilton-development