Australia: Quest Apartment Hotels, a member of The Ascott Limited, has started construction on its Southport property, located on the Gold Coast of southeast Queensland.
The $50 million project will feature a 10-storey building comprising 90 modern units, a gym and rooftop pool.
Westpoint Constructions and ADCO Constructions are managing the build.
James Shields, general manager – growth and capital strategy for The Ascott Limited Australia, said: “This development forms an integral part of our expansion strategy in Queensland, and more broadly across Australia. We are also pleased to announce that with the commencement of Quest Southport, Ascott Australia has 10 properties and approximately 850 apartments under development across three brands and four states. We expect to announce further signings and properties commencing construction during Q3 2024.”
David Mansfield, The Ascott Limited Australasia managing director, added: ”This project underscores our commitment to expanding our footprint and providing exceptional hospitality experiences. Quest Southport will not only contribute to the local economy but also set a new standard for luxury and convenience on the Gold Coast.
“Our goal remains to achieve significant growth targets under the ‘2030 growth strategy’, aiming to reach over 200 Quest properties and 30 managed hotels by the end of the decade,” he said.
