Melbourne property developer Chiodo is now accepting tenders for its Accor Fairmont resort development in Port Douglas.
The proposed 5-star resort is set to bolster the tourist town’s economic recovery, following a year of tough travel restrictions due to the coronavirus pandemic.
The hotel will be Australia’s first Fairmont, and will be designed to cater to the destination wedding market rife in the Far North, bringing an estimated $203 million in value to the town each year.
Chiodo Principal Paul Chiodo said the hotel will have an environmental focus.
“Our vision is to deliver an environmental hotel that pushes the boundaries in luxury and generates unprecedented interest in, and visitorship to, the Port Douglas region,” Mr Chiodo said.
Tourism Port Douglas Daintree CEO Tara Bennett said the hotel occupancy rate in Port Douglas is currently around 50 per cent, and the addition of a new luxury resort is expected to drive new business into the town.
“This will fill a massive gap in terms of five-star hotels in the region. It couldn’t come at a better time,” Ms Bennett said.
Renowned global design firms Studio Carter, Buchan and Durie Design have designed the resort, which features 253 rooms, a number of bars and restaurants, a day spa, a treetop walk and conference and wedding facilities with panoramic views, integrated seamlessly with the surrounding environment of the Daintree Rainforest.
Mr Chiodo hopes to quadruple the number of weddings in Port Douglas each year – which currently sits at around 500 – through the inclusion of purpose-built wedding facilities such as a wedding platform on its rooftop pool deck.
An Urbis report commissioned by Chiodo concluded that the hotel will create an estimated $17.1 million in domestic guest expenditure to the region annually, as well as 694 new jobs during construction.
“The construction of the hotel comes at a time when the local economy has taken a serious hit following restrictions, and we look forward to working with Tourism Port Douglas Daintree, the local community and the region’s First Nations people to rebuild tourism in the region,” Mr Chiodo said.
Chiodo, a property developer and fund manager which specialises in high-end residential, commercial and hotel projects, is also currently developing Amba House, an exclusive collection of 10 holiday homes.
Kadem Builders commenced demolition work on the site of the Fairmont hotel development in December 2020, however the project is still awaiting development approval from the Douglas Shire Council.
Hutchinsons, Multiplex and Watpac are all expected to tender for the project, which once approved, will commence construction.
The hotel is expected to be complete and operational by mid-2023.
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