Plans to develop a new five-star boutique hotel on the corner of Racecourse and Lancaster Road in the affluent suburb of Hamilton, north of Brisbane, have been approved by Brisbane City Council.
Lord Mayor Graham Quirk said the hotel, once completed, will add to the cityās autumn/winter tourism campaign, which is expected to create more than $54 million in economic impact and attract over 332,000 tourists.
āThis development will not only contribute to Brisbaneās growth as a vibrant tourism and leisure destination, but will subsequently generate construction jobs and permanent positions when the hotel and surrounding office and commercial facilities open,ā said Cr Quirk.
The mixed-use hotel and retail project is being developed by Parthenon Enterprises and will feature two integrated buildings.
Comprising a total floor area of 4,730 square metres, the five-storey, 63-room hotel building will also include function facilities, ground-floor retail and restaurants, and 72 car parks.
The adjacent three-level building will include the hotelās restaurant and bar, as well as additional commercial, retail and restaurant space.
Cr Quirk said the hotelās location, directly opposite Eagle Farm Racecourse, would also boost the local tourism market.
āThe cityās winter racing carnival is a major attraction and this five-star hotel will help ensure some of those economic benefits are received in the local community,ā said Cr Quirk.
āIn addition to ensuring the site has sufficient transport infrastructure and noise mitigation design, footpath upgrades are also mandatory to development approval alongside protection of the existing significant fig tree along Racecourse Road.ā
