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Sharks commence 25 milliondollar construction of Mantra Hotel

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first_imgSource = Southport Sharks – Mantra Hotels Sharks commence $25 million-dollar construction of Mantra Hotel Southport Sharks CEO, Dean BowtellSharks commence $25 million-dollar construction of Mantra HotelOne of the largest clubs in Queensland, Southport Sharks, has joined forces with leading Australian hotel and resort operator, Mantra Group, to launch a new hotel on the Gold Coast.Featuring 120 rooms and 209 carparks, construction of the estimated $25-million Mantra at Sharks commenced this week, with an opening scheduled for early-2018.After an extensive due diligence period, Southport Sharks recently engaged leading South East Queensland companies, McNab and GroupGSA.“We are very excited to partner with Mantra, and engage market-leading construction and architectural firms in McNab and GroupGSA. The decision sends a strong message that we’re serious about partnering with local business and investing locally. This project will benefit the economy of the Gold Coast, not only through the construction phase, but for years to come,” said CEO of Southport Sharks, Mr Dean Bowtell.Mantra Group Chief Executive Officer, Bob East said the Group is thrilled to partner with Southport Sharks – one of the Gold Coast’s strongest and most recognisable businesses.“Mantra at Sharks will provide a market-leading hotel offering, well positioned to become a premier corporate, meetings and leisure hotel, and its opening is well timed to coincide with strong market conditions in the lead up to and during the Gold Coast 2018 Commonwealth Games,” Mr East said.“The new hotel will complement our existing portfolio of 127 properties across Australia, New Zealand, Indonesia and Hawaii.”Mathew Kemp, Gold Coast Construction Manager for McNab stated “one of the appealing aspects of working with the Southport Sharks is that they are very focussed on the local community. We take the same ethos when constructing buildings, with our Gold Coast office currently prioritising local subcontractors and suppliers for the build so that the local community benefits from the construction of this important project”.GroupGSA’s Queensland Design Leader, Mr Alex Hoffmann said they were delighted to be working together with Southport Sharks to design an authentic hotel experience where guests stay, are inspired and become an integral part of the club for the duration of their visit. “The design is inspired by the undulating site topography and the Southport Sharks identity, creating a striking entry statement for both club and hotel. The reception and foyer are conceived as a contemporary take on the Queensland verandah forming a shady cool connection between the new hotel and the existing club main entry” said Mr Hoffmann.Southport Sharks will utilise the services of Australia’s first, and oldest bank, Westpac, and have engaged one of Australia’s leading providers of project management services, RPS to project manage the development of the hotel.RPS Project Management General Manager, Ben Rayward said “RPS Project Management is privileged to be working with the Southport Sharks in the delivery of this landmark project. The high calibre project team includes leading firms Group GSA, Zone Planning Group, Napier & Blakeley, ADG, BRW Enterprises, Energy Air, McKenzie Group, Precise Power, and now with the recent engagement of McNab as the building contractor we are looking forward to moving into the construction phase of the project. Delivery of this project with the Sharks adds to our experience with other leading Gold Coast properties including Pacific Fair, Australia Fair, Jupiters Hotel and Casino, GOLDOC, John Flynn Hospital and the Gold Coast Airport.”The hotel provides a unique offering to the area, in addition to resolving the club’s accommodation demands from existing markets, including weddings, business events, and the growing North Gold Coast region.“We would like to thank our 50,000 members and 250 staff, who continue to contribute to our club and assist us in creating a diversified service offering. Upon completion of the hotel, Southport Sharks will become the complete entertainment and sporting destination,” said Mr Bowtell.The hotel forms a part of the Gold Coast Health and Knowledge Precinct which already boasts Gold Coast University Hospital, Griffith University, Gold Coast Private Hospital and of course the Commonwealth Games village.“As a stakeholder of the Gold Coast Health and Knowledge Precinct, we anticipate many medical professionals, interstate business executives, and families visiting will make use of the hotel and general club facilities,” said Mr Bowtell.“We are confident in our capability to also tap into sports tourism, combining the hotel with our modern fitness facilities and conference capabilities.” Mr Bowtell said.last_img read more

Go back to the enewsletter After a bank devalua

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first_imgGo back to the e-newsletter >After a bank devaluation on Tuesday 12 August 2015, the world of luxury retail took a hit as China’s currency dropped to its lowest since August 2011. The impact of this devaluation has extended to the luxury industry and Chinese consumers may alter the way they spend on luxury brands in the coming future.Luxury brand companies such as BMW, Swatch Group and LVMH saw their shares decline as much as 5%. Prices of luxury goods may increase overseas to compensate for the decrease in China; likely making imported goods more expensive within China.LVMH’s leather goods sales in China, Macau and Hong Kong have declined 10% in the first half of 2015. This followed the government’s suppression of  corruption in the sales of high-end goods. Around 40% of luxury goods sold in China have been purchased in Europe and resold illegally in China, avoiding the taxes usually placed on such items.The impact of the Yuan devaluation on Hong Kong’s luxury market is yet to be seen, as devoted luxury shoppers respond to an increased price fluctuation of 2-4%.Currency fluctuations are not the major factor influencing the decline in luxury retail. Chinese shoppers are still travelling internationally for their luxury brand needs, seeking better prices and service in Europe. Luxury retailers in China may prevail with a focus on other aspects of luxury shopping, such as in-store experiences for customers.Asia Pacific hosts four of the world’s top 10 luxury good markets in Japan, China, South Korea and Hong Kong. Ms. Roberts of Euromonitor, a market intelligence firm, however, says that “The region should not be regarded as a safe haven for growth over the next five years and many luxury brands are now realising this and turning their attention to other markets.”This raises the question: what could this mean for outbound travellers from China? Perhaps more importantly, what could this mean for Australian’s travelling to China in the future?Go back to the e-newsletter >last_img read more