Plans to develop a Trump-branded supertall tower on Australia’s Gold Coast have been scrapped less than three months after the project was unveiled, in a dramatic reversal for what had been pitched as one of the country’s most ambitious luxury mixed-use developments.

The proposed 91-storey, A$1.5bn Trump International Hotel & Tower at Surfers Paradise was abandoned after Australian developer Altus Property Group and the Trump Organization terminated their partnership, with both sides offering conflicting reasons for the split.

Altus CEO David Young said the Trump brand had become “increasingly toxic in Australia,” citing geopolitical fallout and brand concerns, while the Trump Organization blamed Altus for failing to meet required financial obligations under the licensing agreement.

Trump International Hotel & Tower Gold Coast

The project had been announced in February 2026 as the Trump Organization’s first Australian development and was expected to become Australia’s tallest tower at approximately 335m. However, no formal development application had yet been lodged with the City of Gold Coast, despite extensive marketing and promotional activity surrounding the scheme.

Despite the branding collapse, Altus says the underlying development remains live and may proceed under a different international luxury flag. This is as Gold Coast continues to attract other luxury developments including the A$900mn South Beach twin towers development in Surfers Paradise.

Australia’s High-Rise Development Landscape

The project’s cancellation highlights the increasing reputational sensitivity surrounding branded real estate projects, particularly in politically polarized environments. While celebrity and luxury branding can push for presales and investor interest, it can equally introduce reputational volatility that impacts approvals, financing confidence, and local stakeholder acceptance.

In this case, the Trump brand generated significant local backlash, with more than 120,000 people reportedly signing petitions opposing the project. The development also became a flashpoint in wider debates over foreign capital, local identity and luxury beachfront development on the Gold Coast.

The project’s cancellation also raises questions about execution credibility, as the site has remained undeveloped for years under multiple ownership and redevelopment proposals.

Project Cost

Estimated project value: A$1.5bn (approx. US$1.1bn)

No confirmed construction financing package had been publicly disclosed before the partnership ended.

Project Fact Sheet for Trump International Hotel & Tower Gold Coast

Location: Surfers Paradise, Gold Coast in Queensland, Australia

Developer: Altus Property Group

Former partner: Trump Organization

Local Authority: City of Gold Coast

Project type: Luxury mixed-use tower

Estimated value: A$1.5bn

Height: Approx. 335m

Floors: 91

Components: Hotel, branded residences, retail, beach club, leisure facilities

Hotel rooms: Approx. 285

Residential units: Approx. 272 apartments

Project status: Trump partnership terminated; project may continue under rebrand

Planning status: No new development application lodged

Development Timeline

February 2026: Trump Organization and Altus announce partnership for Gold Coast tower

February-April 2026: Public backlash and anti-project petitions emerge

May 2026: Trump Organization withdraws; partnership terminated

May 2026 onward: Altus indicates project remains active under potential rebrand

Surfers Paradise Outlook After Trump Tower in Gold Coast Scrapped

Although the Trump-branded version has collapsed, the Surfers Paradise site remains a high-value beachfront parcel with existing development potential. Altus now faces the challenge of securing an alternative luxury operator or hospitality brand capable of restoring project credibility, attracting capital and advancing the long-stalled site into formal planning and construction phases.

Whether the tower ultimately rises may depend less on branding theatrics and more on something refreshingly old-fashioned in real estate: actual financing, approvals and execution.