Overview
- Altus Property Group and the Trump Organization say they signed a Feb. 14 deal for a roughly A$1.5 billion, ~340-metre Trump International Hotel & Tower in Surfers Paradise with about 285 hotel rooms, 270–272 residences, retail space and a beach club.
- Gold Coast City Council confirms a new development application is required for the 91‑storey proposal and none has been lodged, though the site holds an earlier approval for an 89‑storey tower.
- Eric Trump shared new renderings and promoted the project as set to be Australia’s tallest, but The Age reports he reposted a claim that incorrectly stated the tower had been approved.
- Public reaction is sharply divided, with an opposition petition surpassing 26,000 signatures and a pro‑project petition drawing roughly 3,000.
- ABC reporting highlights Altus founder David Young’s past company collapse owing about $28 million and two bankruptcies, while Altus maintains the project is backed by private investors from Singapore, Hong Kong, the UAE and the United States and has suggested construction could begin this year.