Aquis Hotel Surfers Paradise
Aquis Australia is developing a new $440 million hotel on a prime beachfront position in Surfers Paradise that will become a benchmark for luxury accommodation in the Asia Pacific region and attract a new generation of well-heeled travellers to the Gold Coast. The current tower will be demolished to make way for a 48-storey complex that will include 580 hotel rooms and suites as well as the Gold Coast’s premier dining and entertainment facilities.
Aquis Farm was originally established in Canungra, Queensland in 2015 with the acquisition of a number of large acre properties that were amalgamated to create one of Australia’s finest integrated racing and breeding operation.
In 2017 Aquis Farm took over the management of the historic Emirates Park property in Murrurundi, New South Wales, and in 2019 acquired a property at Seymour in Victoria.
Gold Coast Highway, Surfers Paradise
A consortium comprising Aquis Australia, CCCC International Holding Limited (CCCI) and Tandellan Group has acquired a prime development site in central Surfers Paradise. The 10,500 sqm site comprises an entire block bordered by the Gold Coast Highway, Palm Avenue, Cypress Avenue and Surfers Paradise Boulevard.
Aquis is owned and managed by the Hong Kong based Fung family. Aquis Chairman Tony Fung has more than 40 years experience in global financial services and investment, including more than 15 years as an active investor in Australia.
Mr Fung managed the family’s financial services business Sun Hang Kai & Co until its sale in 1985. Since the sale Mr Fung has operated as a private investor focussing primarily on Hong Kong commercial property and other property-linked investments.
His tourism development experience includes the AsiaWorld-Expo exhibition centre at Hong Kong International Airport. The family’s Australian interests are managed by Justin Fung and a team of experienced executives.