Updated
Updated · Bloomberg · May 13
Trump Organization Scraps 91-Storey Gold Coast Tower as Altus Fails Obligations
Updated
Updated · Bloomberg · May 13

Trump Organization Scraps 91-Storey Gold Coast Tower as Altus Fails Obligations

6 articles · Updated · Bloomberg · May 13
  • Three months after unveiling the project, the Trump Organization withdrew its brand from a 91-storey hotel and apartment tower planned for Surfers Paradise on Australia’s Gold Coast.
  • Altus Property Group’s failure to meet its obligations triggered the decision, ending what had been pitched as the Trump brand’s first hotel venture in Australia.
  • The project itself was not described as canceled, but it will no longer carry the Trump name, stripping the development of its marquee branding.
  • The reversal underscores the fragility of brand-licensing deals in overseas property markets, where local partners’ performance can determine whether high-profile projects proceed as announced.
A toxic brand or a failed partner: What truly sank the billion-dollar Australian Trump tower?
Why did the Trump Organization partner with a twice-bankrupt CEO for its Australian debut?