JUST over a year since the opening of its Event Centre, the Gold Coast Turf Club has announced plans to build a hotel onsite as part of the organisation‚Äôs 2025 vision.
Featuring some 200 rooms of which four levels are corporate suites, the hotel is part of a strategic plan that Dale St George, CEO of the Gold Coast Turf Club, said he had been working on with the board over the last six months.
Speaking to TTGmice e-Weekly, St George said: ‚ÄúRacing is racing. It goes through its ups and downs. There has to be other streams of income. As well as a hotel, we‚Äôre looking at a tavern, some retail space and other development opportunities.‚ÄĚ
Currently, a memorandum of understanding has been signed with a neighbouring landowner and preliminary drawings of the hotel have also been done. It occupies prime real estate alongside the straight of the racetrack next to the Event Centre.
St George said the organisation hopes to have hotel plans ready for Council by the end of the year, and ideally a July 2018 opening.
‚ÄúWe sit between Surfers Paradise and Broadbeach, and we need to engage the tourist population by having a hotel, and the corporate market by providing meeting facilities which are already in place. Without accommodation, it is difficult,‚ÄĚ he elaborated.
Meanwhile, St George said the Event Centre, which opened in March 2015, was ‚Äúslowly building‚ÄĚ its momentum.
‚ÄúI‚Äôd like to see it running at 65 per cent occupancy. We‚Äôre looking at A$2 million (US$1.52 million) turnover for the events space alone.‚ÄĚ