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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 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 . 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 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 once-luxury six-star landmark built by Sunland Group in 2000, currently known as the Imperial Hotel, is understood to have been bought by the unnamed mystery business figure. Hotel general manager Richard Clarke said the sale was at an “advanced stage” but was unable to reveal any details about the mystery buyer.
In 2005, Emirates International Holdings acquired 50% of Palazzo Versace Gold Coast at the same time entering into a joint venture to develop a chain of hotels including a similar hotel in Dubai. Shakespeare Property Group, which has a string of high profile hotel assets, is close to signing off on the purchase of the Palazzo Versace on the Gold Coast. Sources say the Melbourne-based . As Palazzo Versace Dubai’s managing director and founder of Palazzo Hospitality, Darwish is a force to be reckoned with. His unique approach to hospitality has allowed the property to gain monumental popularity, record revenues and millions of social media impressions over the past two years.
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. Over the last year, Palazzo Versace Dubai’s managing director Monther Darwish put the property on the map, coming up with innovative campaigns aimed at increasing occupancy and revenue. As a result, the property had one of the highest occupancies amongst city resorts in .
It is for this reason that the property remains a favorite among Dubai residents and international guests alike. In 2017, Darwish transitioned from business partner to managing director at Palazzo Versace Dubai. His key to a successful business is .
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. 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 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 once-luxury six-star landmark built by Sunland Group in 2000, currently known as the Imperial Hotel, is understood to have been bought by the unnamed mystery business figure. Hotel general manager Richard Clarke said the sale was at an “advanced stage” but was unable to reveal any details about the mystery buyer.
In 2005, Emirates International Holdings acquired 50% of Palazzo Versace Gold Coast at the same time entering into a joint venture to develop a chain of hotels including a similar hotel in Dubai.
palazzo Versace dubai ownership
Shakespeare Property Group, which has a string of high profile hotel assets, is close to signing off on the purchase of the Palazzo Versace on the Gold Coast. Sources say the Melbourne-based .
As Palazzo Versace Dubai’s managing director and founder of Palazzo Hospitality, Darwish is a force to be reckoned with. His unique approach to hospitality has allowed the property to gain monumental popularity, record revenues and millions of social media impressions over the past two years. 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. Over the last year, Palazzo Versace Dubai’s managing director Monther Darwish put the property on the map, coming up with innovative campaigns aimed at increasing occupancy and revenue. As a result, the property had one of the highest occupancies amongst city resorts in .
It is for this reason that the property remains a favorite among Dubai residents and international guests alike. In 2017, Darwish transitioned from business partner to managing director at Palazzo Versace Dubai. His key to a successful business is .
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