en.Wedoany.com Reported - The proposed 91-story, AUD 1.5 billion Trump International Hotel & Tower in Surfers Paradise on Queensland's Gold Coast, Australia, has been canceled recently, less than three months after the project was announced in February 2026. The skyscraper, a collaboration between Australian developer Altus Property Group and the Trump Organization, was planned to be Australia's tallest building at approximately 335 meters high.

Altus CEO David Young stated that the Trump brand has become "increasingly toxic" in Australia, citing geopolitical consequences and brand concerns. Young said: "Let's just say, with developments like the Iran war, the Trump brand has become increasingly toxic in Australia." The Trump Organization denied this claim, with a spokesperson stating the project was canceled because Altus "failed to meet its contractual obligations." The spokesperson said: "In this supposedly AUD 1.5 billion project, Altus Property Group failed to meet the most basic financial obligations at the time the agreement was signed."

Gold Coast Mayor Tom Tate commented on the partnership breakdown, saying "it's all about the money," pointing to disagreements over brand licensing, operations, and profit sharing. The skyscraper project had sparked local backlash, with reports that over 140,000 people signed a petition opposing the tower's construction, and a formal development application had yet to be submitted to the Gold Coast City Council.

Despite the termination of the partnership with the Trump Organization, Altus indicated that the underlying development project still exists and may proceed with other international luxury brands. Young stated: "We have other luxury brand options, and this project is still moving forward." The skyscraper's original plans included approximately 285 hotel rooms, around 272 apartments, a beach club, and retail and dining spaces.

A Trump Organization spokesperson stated that the group still plans to seek other opportunities in Australia in the future, "We look forward to exploring other potential projects and bringing the Trump brand to Australia as soon as possible."

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