Towering ambition: Donald Trump looking for Barangaroo partners

Published 12 April 2013 09:16, Updated 15 April 2013 08:20

+font -font print
Towering ambition: Donald Trump looking for Barangaroo partners

Donald Trump and daughter Ivanka, one of the Trump children in charge of the family’s hotel business. Photo: Getty Images

Forbes rich lister Donald Trump would like to develop a hotel and apartment Trump Tower at Sydney’s Barangaroo.

“We’d love to partner with a local developer and put a Trump Tower on Barangaroo. But unfortunately that [opportunity] is not quite available yet,” said the Trump Hotel Collection’s senior vice-president for global hotel development and acquisitions, Todd Wynne-Parry.

So far, James Packer, with Lend Lease, holds trumps on Barangaroo.

Mr Wynne-Parry, who will speak at the Tourism & Transport Forum’s 2013 Outlook Conference in Sydney on Friday, has also looked at the Gold Coast.

“We need properties that can guarantee a $US350 minimum [nightly] room rate. You pretty much need to be able to walk out of your room onto your private beach front to guarantee that,” Mr Wynne-Parry said, pointing out that the Sheraton Mirage is the only Gold Coast resort with a private beach.

“I think [the Gold Coast] needs to rethink its development strategy and designate some proper resort sites. The Gold Coast is a gorgeous beach with no world class resorts actually on the beach.”

His speech will show how Trump Collection is looking to “grow” the next generation of luxury consumers.

“Three out of five of Mr Trump’s children are in charge of the hotel business – Don Jnr, Ivanka and Eric – and they are all aged in their 20s and 30s,” he said.

“They embody that generation, which wants a more contemporary design edge on their luxury – not luxury that resembles their grandmother’s parlour.”

Trump Towers has eight locations in North America and three more in the pipeline.

This story first appeared on The Australian Financial Review.

Topics:

Comments