<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Plans for a $1.5 billion </span><a href="https://www.9news.com.au/donald-trump" rel="" target="" title="Trump "><span>Trump</span></a><span> hotel on the </span><a href="https://www.9news.com.au/gold-coast" rel="" target="" title=" Gold Coast"><span>Gold Coast</span></a><span> will go ahead, developers say.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Last month, 9News </span><a href="https://www.9news.com.au/national/donald-trump-organisation-family-investment/5ec586fc-195a-4fa5-8520-790abd60806b" rel="" target="" title=" reported conversations were under way"><span>reported conversations were under way</span></a><span> to build a Trump hotel in front of the beach at </span><a href="https://www.9news.com.au/surfers-paradise" target="" title="Surfers Paradise"><span>Surfers Paradise</span></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Altus Property Group says the deal for the hotel – which, if built to the height developers say it will, will become Australia's tallest tower – has been signed.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/mexico-travel-warning-updated-after-drug-kingpin-killed/23bbf797-93ea-4238-8ce7-842a00ae22e9" rel="" target="_blank" title=""><strong><span>Warning to Aussies in tourist hotspot after drug boss killed in shootout</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Trump International Hotel &amp; Tower will be 340 metres and 91 storey high, the company said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It will be on vacant land on Rickett Street.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"All of my employees at Altus Property Group Pty Ltd are excited about building this iconic six-star resort in the sky and are proud of what it means for Queensland tourism and the Australian economy," Altus chief executive David Young said.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/trump-tower-hotel-planned-for-gold-coast-queensland/9676905f-9767-4f8d-994c-8bb5e072a24c" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LATEST:</span></strong><span> </span><a href="https://www.9news.com.au/national/chris-baghsarian-police-search-turns-to-glenorie-bushland/d43cafd9-53ed-44e2-b9e7-275eb3d90441" target="_blank"><strong><span>Torched car found in search for Sydney grandfather forensically linked to abandoned 'stronghold'</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>He said he signed the deal on February 14 at Trump's Florida home after he started pursuing the idea almost 20 years ago.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We are now deeply into a process of design, engineering, construction and fit-out that will cost a shade under $1.5 billion and bring the world's preeminent hotel-resort brand to our shores," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/lardner-victoria-teenager-assaulted-antisemitic-incident/c7757698-2e51-4fdd-b47e-d85abb099af2" target="_blank"><strong><span>Teen assaulted in suspected antisemitic attack</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"This project is entirely funded by private investors who come from Singapore, Hong Kong, UAE and the United States.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"They have contributed a mix of debt and equity (in the form of convertible notes) and it gives my organisation access to 'patient capital' insofar as we don't have to rush to make presales as we would with Australian bank finance."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>However the building will be "Australia owned and Australia built," he said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>He said it will create 500 jobs when its being built, and another 500 when complete.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Young said the design will not be "gaudy" and will be "tasteful and expensive".</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>COST OF LIVING:</span></strong><span> </span><a href="https://www.9news.com.au/national/cost-of-living-how-queensland-couple-sandra-and-peter-rielly-keep-their-expenses-to-under-15-000-dollars-a-year/6952ee63-af6d-4f59-9cbf-63e79e78e8e0" target="_blank"><strong><span>How Aussie couple keep their expenses under $15,000 a year</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>He said a third of the building will be apartments starting at $5 million, although added a price tag for penthouses is yet to be set.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Shops and a beach club will also be created.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Trump Hotels, which has over 130 hotels around the world, confirmed the development is "coming soon."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Rising 91 storeys above Surfers Paradise, Trump International Hotel &amp; Tower, Gold Coast will introduce the first Trump-branded hotel in Australia, alongside 272 exclusive residences, a private beach club, and premier retail and dining," it says on its website.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Set to become Australia's tallest tower, this landmark address redefines beachfront sophistication with world-class amenities, iconic design, and uninterrupted Gold Coast views."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LATEST:</span></strong><span> </span><a href="https://celebrity.nine.com.au/latest/jackie-o-henderson-steps-away-from-kyle-and-jackie-o-show-temporarily/6a699ce4-0884-4845-a501-577faf318752" target="_blank"><strong><span>Jackie 'O' taking a break from KIIS after brutal on-air clash with Kyle Sandilands</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The Q1 tower on the Gold Coast at 322 metres is Australia's tallest building.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia 108 in Melbourne is the tallest residential tower at 316 metres.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><strong><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></strong></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>