New hotel plans on Gold Coast highlight commercial opportunities

By Greg Bell

The planning, construction and growth of hotels have long been a great opportunity for commercial enterprises to seek out new business, and with two new projects announced of late, it could mean great news for local businesses.

An Olsen Avenue hotel for the Southport Sharks

Plans that have been five years in the making have finally come to fruition, with hospitality organisation Mantra Group and Australian Football League member Southport Sharks working together on a new hotel development.

The project is set for an Olsen Avenue location in Southport, and will offer 162 suites designed and built with sports in mind. Guests will most likely be football players, coaches and affiliated staff, as well as sports medical professionals and family members of football teams. These plans were originally given the green light five years ago, but construction is now due to get underway with four companies tendering the building process.

This hotel will be the newest addition to the existing Southport Sharks club on the corner of Olsen Ave and and Musgrave Ave. With units overlooking the playing field, this accommodation option will offer a distinctive sporting feel and appeal to the 'sports tourism' market, according to Sharks club president Dean Bowtell.

"We hope to tap into sports tourism – airing our accommodation with our fitness facilities for pre-season AFL training and training for other sports," he explained to the Gold Coast Bulletin.

The first Gold Coast Airport hotel in the works

Just 30 minutes down the road, the Gold Coast Airport is the fastest growing in Australia with 6 million passengers passing through its terminals every year. Now, the airport has announced plans for its first hotel to accommodate for its increasing passenger numbers. This follows on from a recent update about the airport's new 'Project LIFT', which will see the facility upgrade and grow to allow for even more visitors in its goal to reach 16.3million passengers by the year 2031.

Queensland Airports, the group behind Gold Coast Airport, has announced that it is seeking expressions of interest from a major hotel group. The deal on offer is a long-term ground sublease, which will allow the hotel to develop, own and operate a facility on site to service the airport and surrounding areas.

With a site outlined on Terminal Drive, the hotel will offer approximately 150 rooms, as well as various facilities for visitors and local business community.

Chris Mills, of Queensland Airports, explained the opportunity on offer on the site when speaking to the Gold Coast Bulletin.

"Airport hotels are considered a 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 said.

Additionally, this fast-growing airport will play a key role in international arrivals from booming markets such as China, and will no doubt be key during the busy 2018 Commonwealth Games on the Gold Coast.

Why hotel development is good for business

New hotels, whether they're for international visitors or local sports stars, can only mean one thing for local businesses – more business.

Commercial properties and companies that directly provide for the hotels, such as caterers, electrical contractors, and even gardeners, all stand to benefit from additional work. Plus, the extra visitors to the site and surrounding area can also directly impact local businesses, especially those in retail spaces and hospitality venues.

If you're looking to invest in commercial property and take advantage of the region's growing opportunities, get in touch with the commercial team at Ray White on the Gold Coast today.

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