The Gold Coast Airport has been given the go ahead by federal government for a new $50 million hotel to commence work.
The hotel’s major development plan was given approval by the Deputy Prime Minister and Minister for Infrastructure Michael McCormack, allowing development of the Rydges brand hotel to move forward with construction.
Developer Trepang, associated with John Robinson and Nick Paspaley, will deliver the seven-storey hotel that will feature 192 rooms and suites, a rooftop bar and viewing deck.
Airport owner Queensland Airports Limited (QAL) chief executive Chris Mills said work is expected to commence on the project before the end of this year.
“This is a great project for the airport, and for the Gold Coast and northern NSW,” he said.
Earlier this year Mills said half a billion dollars would be invested into the Gold Coast airport precinct under the airport’s Project LIFT expansion plan to be rolled across the next few years to manage mounting demand.
“An airport hotel is something that has been missing at Gold Coast Airport and now that we have the approval, we can move ahead with another important part of our development plan designed to further activate the precinct and accommodate growth,” Mills said.
It’s expected the airport will usher $818 million a year to the region and generate 20,000 full time jobs by 2020.
Gold Coast Airport welcomed 6.6 million passengers heading to and from south east Queensland and Northern NSW last financial year, while passenger numbers are expected to reach 16.6 million annually by 2037.
Construction is expected to start this year with the hotel operational in 2019.