Premier Annastacia Palaszczuk said The Star Entertainment Group's commitment to the construction of the tower as well as its existing project, a six-star 17-storey hotel, was providing a massive boost to the Queensland economy with the investment totalling $850 million.
The new hotel will have 1400 rooms and provide more than 1000 jobs throughout the construction phase of the project which will begin in 2017.
At over 200 metres in height, the $500 million tower will become Jupiter’s 3rd high-rise building in the Gold Coast region when works are completed in 2020.
The Premier said this investment was a commitment of confidence and jobs on the Gold Coast.
"The Star has partnered with TAFE Queensland to establish a six-star International Hospitality Service program. This will provide hospitality training opportunities not only in preparation for the proposed expansion of Jupiters, but also for the increased visitor numbers for the Commonwealth Games.
"This is another vote of confidence in Queensland and the Gold Coast as a must-visit tourism destination," the Premier said.
Total visitors to the Gold Coast increased by 12% to 4.7 million last financial year with an estimated combined expenditure of $4.18 billion.
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