Star Group checks into Rydges Gold Coast Airport Hotel in latest Queensland deal

Star Hotels has expanded its Queensland portfolio with the acquisition and settlement of the Rydges Gold Coast Airport Hotel following an exclusive off-market, invitation-only sale campaign.

The deal was facilitated by Wayne Bunz, National Director of CBRE Hotels.

Star Hotels is a division of Star Group, Queensland's largest independently owned and operated pub and liquor retail group.

The Rydges Gold Coast Airport Hotel represents Star Group’s second hospitality investment on the Gold Coast and adds to its expanding portfolio, which includes 50 licensed venues, over 115 retail liquor outlets, and six accommodation venues across Queensland.

“The Gold Coast continues to demonstrate remarkable resilience and growth as a top-tier investment destination,” Mr Bunz said. “The region's thriving tourism sector, coupled with the irreplaceable location of the Rydges Gold Coast Airport Hotel, were key drawcards for Star Group, guaranteeing strong, consistent demand from both domestic and international travellers.”

Mr Bunz added, “This investment aligns with Star Group’s strategic vision to expand its footprint in high-growth areas and will allow the group to capitalise on the Gold Coast’s dynamic hospitality market.”

Rydges Gold Coast Airport Hotel was developed by renowned hotelier John "Foxy" Robinson who has a legacy of developing and selling iconic properties, including the Darwin Airport Resort and Darwin Airport Inn.

Opened in 2020, the modern 4.0-star, seven-storey hotel includes 192 well-appointed guest rooms and suites, complemented by substantial facilities including the Runway Italian Restaurant, The Salty Fox Rooftop Bar, 10 conference and event spaces, a swimming pool, gym and ample parking.

The Gold Coast tourism market is currently benefitting from a surge in inbound international travel, and CBRE’s research indicates that domestic tourism is expected to uphold Average Daily Rate (ADR) stability.

This will be supported by the ongoing expansion of Gold Coast Airport, with the planned addition of a retail village, health & wellness hub and conference & tech centre.