business
Plans for Australia's first Trump Tower scrapped due to 'toxic' brand, developer says
Key takeaways
- Lana Lam Sydney@Eric Trump/XA concept image of the Trump International Hotel & Tower Gold Coast Plans for a AU$1.5bn ($1.1bn;
- Details about the project have been deleted from the Trump Organization's website with a spokesperson saying the developer had not met obligations.
- Altus Property Group denied those claims and maintained the project would continue with other luxury brands as options.
Lana Lam Sydney@Eric Trump/XA concept image of the Trump International Hotel & Tower Gold Coast Plans for a AU$1.5bn ($1.1bn; £802m) Trump Tower in Queensland have been scrapped with an Australian developer blaming the "toxic" Trump brand and the Iran war for the project's demise.
It comes just three months after the deal was announced, with claims that the 91-story luxury hotel on the Gold Coast would be Australia's tallest building, measuring 335 metres (1,100 ft) high, taller than the Shard in London.
Details about the project have been deleted from the Trump Organization's website with a spokesperson saying the developer had not met obligations.
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