Australia: The 64-year-old Kirra Beach Hotel in Australia will be replaced by a development featuring 198 apartments, 78 hotel rooms and a new retail precinct.
The current hotel has been a popular pub and leisure destination since it was established in 1956.
The project is being undertaken by developer KTQ, who plans to begin the three-stage process in mid-2021. The company is aiming to take advantage of the growing market for apartments on the southern Gold Coast, driven by migration between different parts of Australia.
Jeremy Holmes, development director for KTQ, told ABC Gold Coast “It’s got some of the best beaches on the eastern seaboard. Kirra itself is one of those magical north-facing beaches, there’s very few of those- Noosa’s one, Byron Bay is another.”
The hotel itself is set to be demolished and replaced with a modern iteration of the existing venue, and an additional rooftop bar. Existing features, such as the beer garden, bistro and sports bar will return with a new aesthetic.
The build will initially be split into two parts, with prices for apartments in stage one to be announced this December. The second and third stages could be completed within five to seven years.
The Australian hotel market has been a major site for investment. Ovolo has announced the launch of a new property in Melbourne, while Accor has been looking at the country for the next Mondrian hotel.
