Palm Beach is set to welcome a 126-room lifestyle hotel in 2025 after development approval was granted to Gold Coast luxury property group, Steer Developments, for a $120 million project.

The six-storey Palm Beach Hotel, at 1081-1089 Gold Coast Highway in Palm Beach, will feature state-of-the-art amenities, including a rooftop pool, gym, spa, and in-house dining.

Plus Architecture has been engaged to deliver what is described as a ‘first of its kind’ hotel in the area, offering “over 2,000 sqm of architectural elegance” at the beachside location.

“Being such a significant project, our team took a considered approach to create a standout development in an increasingly discerning market,” said Plus Architecture’s Danny Juric.

Steer Developments Founder, Robert Steer, said the goal is to create a space that makes guests “feel something special”.

“It’s about the entire experience,” he said.

“A perfect blend of beauty, luxury, and premium quality with a calm, lush, and peaceful serenity.

“We have always appreciated the Gold Coast’s lifestyle and are excited to contribute to its beauty and make an everlasting impact on the southern Gold Coast.

“While the northern end of the Gold Coast is flooded with hotels, the southern end is ripe for a luxury offering. Along with Mondrian set to open in Burleigh, the timing is perfect for an additional prestige hotel at Palm Beach.”

Construction is set to commence in the fourth quarter of this year and is expected to be completed by Q1 2025.