Following a contractor walk-off earlier this week, and the appointment of receivers to their Southport Central development, it is rumoured that Raptis Group are on the search for a partner to assist with the completion of the Surfers Paradise Hilton Hotel and Residences.

The two-tower project, which comprises a 5-star Hilton Hotel, residential apartments and commercial and retail space is under construction, with completion initially slated for late 2009.  With doubts as to the embattled company’s ability to service over $700m worth of debt, serious reservations are being raised as to the future of this project without assistance from a new partner.

Tags: gold coast, news, Ongoing Development, property, Raptis Group, real estate, Rumours, Surfers Paradise, Surfers Paradise Hilton

This entry was posted on Thursday, September 11th, 2008 at 11:28 am and is filed under Ongoing Development, Raptis Group, Rumours, Surfers Paradise, Surfers Paradise Hilton. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.