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The 200-room Palazzo Versace, developed by Gold Coast-based Sunland Group (ASX: SDG) in 2000, is owned by Chinese-backed Dong Run Group which acquired the property for .5 million in 2012. The loss of the Versace name has been on the cards for some time .June 16, 2023 - 2:55PM. |. An iconic Gold Coast hotel is getting a new name after it was .
The 200-room Palazzo Versace, developed by Gold Coast-based Sunland Group (ASX: SDG) in 2000, is owned by Chinese-backed Dong Run Group which acquired the property for .5 million in 2012. The loss of the Versace name has been on the cards for some time with the House of Versace refusing to renew its licence with Dong Run Group, despite .June 16, 2023 - 2:55PM. |. An iconic Gold Coast hotel is getting a new name after it was revealed luxury fashion house Versace decided not to renew its branding agreement. The Palazzo Versace hotel will become The Imperial Palace and operate as an independent hotel from August 1.Star Entertainment Group and its partners, Far East Consortium and Chow Tai Fook, last year sold the neighbouring Sheraton Grand Mirage for 2m to Pub mogul Arthur Laundy and his long-term business partner, Sydney’s Karedis family.
A new chapter is set to begin for the former Palazzo Versace hotel on the Gold Coast with a Sydney businessman behind the deal, according to reports. Rebranded last year as the Imperial Hotel, the sale is in its final stages according . Now, owners of the Palazzo Versace hotel have confirmed the fashion house is parting ways with the luxury hotel, with the agreement set to end on the 31st of July 2023.
The Gold Coast’s iconic Palazzo Versace will be no more after the Italian fashion giant decided to withdraw from the branding agreement with the hotel. “After lengthy discussions, Versace has made the strategic decision to pull out of the Australian hospitality market,” the owners of the hotel said in a statement on Tuesday.
The Melbourne-based property group is said to have an exclusive deal in place to purchase the Palazzo for 4 million. The hotel, which opened in 2000, describes itself as a 6-star resort and has attracted many celebrities such as U2’s Bono, Snoop Dogg, Beyonce and Jay Z. Nestled between the beautiful Pacific Ocean and the sparkling Gold Coast Broadwater, the Imperial Hotel is one of Australia's top 5-star luxury hotels. For over 21 years, it’s been a beacon of spectacular architecture, bespoke Italian .
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The international fashion power house has decided not to renew its branding agreement with Palazzo Versace hotel owner Dong Run Group, it can be revealed. Five-star Gold Coast resort Palazzo Versace rebrands to the Imperial Hotel from Tuesday August 1, marking a new chapter for the luxury property. While much of the property’s iconic features from the exterior to the antique chandelier and luxurious lobby furnishings will remain, the hotel’s 200 rooms will undergo some refurbishment, to .
The 200-room Palazzo Versace, developed by Gold Coast-based Sunland Group (ASX: SDG) in 2000, is owned by Chinese-backed Dong Run Group which acquired the property for .5 million in 2012. The loss of the Versace name has been on the cards for some time with the House of Versace refusing to renew its licence with Dong Run Group, despite .June 16, 2023 - 2:55PM. |. An iconic Gold Coast hotel is getting a new name after it was revealed luxury fashion house Versace decided not to renew its branding agreement. The Palazzo Versace hotel will become The Imperial Palace and operate as an independent hotel from August 1.Star Entertainment Group and its partners, Far East Consortium and Chow Tai Fook, last year sold the neighbouring Sheraton Grand Mirage for 2m to Pub mogul Arthur Laundy and his long-term business partner, Sydney’s Karedis family.
A new chapter is set to begin for the former Palazzo Versace hotel on the Gold Coast with a Sydney businessman behind the deal, according to reports. Rebranded last year as the Imperial Hotel, the sale is in its final stages according . Now, owners of the Palazzo Versace hotel have confirmed the fashion house is parting ways with the luxury hotel, with the agreement set to end on the 31st of July 2023.
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The Gold Coast’s iconic Palazzo Versace will be no more after the Italian fashion giant decided to withdraw from the branding agreement with the hotel. “After lengthy discussions, Versace has made the strategic decision to pull out of the Australian hospitality market,” the owners of the hotel said in a statement on Tuesday.The Melbourne-based property group is said to have an exclusive deal in place to purchase the Palazzo for 4 million. The hotel, which opened in 2000, describes itself as a 6-star resort and has attracted many celebrities such as U2’s Bono, Snoop Dogg, Beyonce and Jay Z. Nestled between the beautiful Pacific Ocean and the sparkling Gold Coast Broadwater, the Imperial Hotel is one of Australia's top 5-star luxury hotels. For over 21 years, it’s been a beacon of spectacular architecture, bespoke Italian . The international fashion power house has decided not to renew its branding agreement with Palazzo Versace hotel owner Dong Run Group, it can be revealed.
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