Overview
- Plans for a 91‑storey Trump International Hotel & Tower on the Gold Coast were scrapped less than three months after the deal, and developer Altus says it will pursue the site under a different luxury brand.
- Altus CEO David Young said the Trump name had turned “toxic” in Australia due to the Iran war and public backlash, while the Trump Organization said Altus failed to meet basic financial obligations.
- Gold Coast officials confirmed no development application was ever lodged, so the partnership ended before any formal council review of the proposed hotel and apartments.
- Community opposition was sizable, with linked online petitions collecting well over 120,000 signatures, and campaigners on the coast said local pressure helped derail the plan.
- Gold Coast Mayor Tom Tate pointed to disputes over profit shares and brand fees as likely drivers of the split, reflecting how licensing demands and financing terms can break high‑profile property deals.