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News release

Gold Coast

Gold Coast Airport to get its first hotel

Hotel development opportunity to be put to the market by JLL Hotels & Hospitality Group

​One of Australia’s fastest growing airports and the nation’s sixth busiest is set to benefit from its first hotel as part of significant expansion plans to cater for strong increased travel to the region and growing levels of economic activity within the precinct.

The Gold Coast Airport currently services 9 domestic and 10 international destinations and receives 6.3 million passengers annually which is forecast to grow to 16.6 million by 2037. It is also a key driver of tourism, education and employment growth in the region, directly employing around 2,200 people. Gold Coast Airport is home to the Southern Cross University Gold Coast Campus which will grow to approximately 5,000 students by 2017.

To cater for its continued evolution the airport will shortly undergo a $300 million redevelopment, known as Project LIFT, which includes a three level expansion of the terminal, four new aero bridges and as a result nearly doubling in gross floor area of the terminal. Project LIFT is the first step of the Airport’s 20-year property vision that will see the airport further grow to a dominant position as a top tier airport business centre in the region.

The proposed hotel product, which is to be largely guided by the market, is expected to encompass an economy or midscale offering of around 150 guest rooms and appropriate front of house facilities to service hotel guests, visitors to the airport, and the wider business community in the precinct.

Gold Coast Airport Pty Ltd is seeking to grant a long term ground sub-lease to a third party for the development, ownership and operation of the hotel.

Peter Harper, Executive Vice President, JLL Hotels & Hospitality Group said, “Airport hotels are widely considered to be a very successful segment of the Australian hotel investment market, as witnessed by several recent hotel developments and a number of new projects at Brisbane,Sydney, Melbourne and Canberra airports.”

He continued, “Increased airline connectivity of Gold Coast Airport to key international markets including direct flights to China, the 2018 Commonwealth Games, and the relatively low Australian dollar will further drive performance and interest in the region. This offering presents a compelling investment case and a rare opportunity to secure the development and ownership rights for a hotel at an airport that is poised for considerable growth over the long term.”