IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

Concept design for the new IHG hotel project on the Sunshine Coast

IHG Hotels & Resorts has partnered with Sydney-based Felix Capital to open a new four-star hotel in Caloundra on the Sunshine Coast as part of a mixed-used development.

The proposal will deliver the second Holiday Inn & Suites for Australia and the first for a regional location.

IHG, which has 52 hotel properties across Australia, already operates a Holiday Inn Express & Suites property at Maroochydore, but its only other Holiday Inn & Suites brand operates at Bondi in Sydney.

The proposed 160-room hotel for Caloundra will include 33 suites and feature hallmark Holiday Inn facilities such as an open lobby, all-day dining restaurant and lobby cafe, meeting spaces, a fitness centre, outdoor pool and “kids club”.

The hotel will also introduce a signature rooftop restaurant and sky bar.

IHG is partnering with Felix Capital for the first time to bring the Sunshine Coast project to the market in early 2028.

The hotel and mixed-use development is proposed by Felix Capital for a redevelopment site at 51 Bulcock Street in the heart of Caloundra. The property is currently occupied by the Caloundra City Centre, a three-level retail and office building which was snapped up by Felix Capital for just under $10 million two years ago.

Cameron Burke, director of development, Australasia and Pacific, for IHG Hotels & Resorts, says the group is pleased to be joining forces with the Sydney developer to bring “this exciting hotel” to Caloundra which he notes will benefit from plans to build a new rail connection with Brisbane ahead of the 2032 Olympics.

“As part of the world’s largest hotel brand family, Holiday Inn’s inimitable hallmarks strongly align to the approachability and leisure-orientated nature of the Sunshine Coast market,” says Burke.

“Balancing a desired location and outstanding aspect, with convenient accessibility to a myriad of diverse recreational activities, we expect Holiday Inn & Suites Caloundra Sunshine Coast to be a popular destination for leisure and business travellers alike, particularly with families.”

Michael Maroun, the CEO and founder of Felix Capital, says the hotel project is destined to be the “crown jewel of the region”.

“Sunshine Coast boasts an abundance of opportunity for the community, and we are proud to be making our mark in Caloundra,” says Maroun.

“Our vision aligns with the Holiday Inn brand as we bring to market the area’s first international hotel, offering an accommodation, dining, leisure and business precinct that is modern, affordable and convenient.

“Felix Capital is pleased to have partnered with IHG to see this revolutionary project come to life while creating hundreds of new jobs and showing Queensland, Australia and the world the beauty of the Sunshine Coast.”

IHG Hotels & Resorts’ brand portfolio includes InterContinental, Crowne Plaza, Voco, Garner, Regent and Avid.

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