Clive Palmer begins $100m Coolum Resort refurb

Clive Palmer with Colliers’ Shaun McLaren following the 2019 auction of Townsville’s Queensland Building.

Ten years after buying it – and five years since it closed – Clive Palmer has announced a $100 million refurbishment of Noosa’s Coolum Resort.

The renewal will centre around replicas of world landmarks – a full-size Trevi Fountain is one of them.

Seven restaurants also form part of the design, as does a renovation of Village Square.

About 300 apartments – configured as studios and with two and three bedrooms – will be renovated as premium tourist accommodation.

The Robert Trent Junior designed Beachside Championship Golf Course will also be restored.

Mr Palmer tweeted the resort “will be returned to beyond its former glory” (story continues below).

Coolum Resort will reopen in FY23.

Construction began in February; suites are being refurbished one at a time.

The development’s first stage should be complete in FY23.

Development has been thwarted in recent years for, amongst other reasons, a dispute between some site villa unit owners.

The Sunshine Coast resort was known as Hyatt Regency Coolum when Mr Palmer acquired it for c$80m.

In 2015 the businessman trialled Palmersaurus, a dinosaur park with 160 life sized exhibits – at the venue.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco