The secret rumour behind the future of luxury Gold Coast hotel Palazzo Versace revealed

The Chinese owner of the non-trading Palazzo Versace has reportedly looked into changing the future of the luxury Main Beach hotel.

Palazzo Versace on the Gold Coast. Pics Adam Head

THE Chinese owner of the non-trading Palazzo Versace reportedly has instigated approaches to major hotel groups to determine if they might be interested in managing the 20-year-old hotel. The motive apparently is that the licence to use the Versace name expires later this year and it’s suggested it won’t be renewed if the hotel is not upgraded to today’s Versace standards. An insider suggests that exercise, along with the re-licensing fee, could cost the owner tens of millions of dollars.

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Con Makris with son Jason Makris

CON Makris, owner of Marina Mirage and the shops and offices at Broadbeach’s The Oracle, is quietly cashing in some chips in his home state, South Australia. The Greek-born billionaire has sold one shopping centre for $35 million and has another one, potentially worth up to twice that, on the market. Con, who owns a Palazzo Versace penthouse, moved his HQ to Brisbane three years ago, with a satellite office on the Gold Coast.

TONY Velissariou, the agent who sold billionaire Clive Palmer a $12 million beachfront home, is becoming a team player after 20 years as a one-man band. The agent, who’s traded under the Tony V brand, is joining the ever-expanding Broadbeach agency of one of the people he’s shared deals with, Michael Kollosche. Tony’s move comes on the heels of the agency snaring agent Claire Dai and her team, who can trumpet $16.5 million and $15 million sales.