Tiki Village resort owner ‘doing homework’ on riverfront tower build

Industry sources say the owner of a riverfront resort might be looking to capitalise on the site’s unlimited height zoning.

* JANE Kingston, who dropped a verbal bombshell early this year when running the Palace Versace hotel on the Southport Spit, is back in the workforce.

She quit her Versace job in May and has popped up as the director of national hospitality recruitment group Hospoworld’s NSW agency.

In January, she said she’d rather be doused in petrol and set alight than deal with abuse from the wealthy owners of the condos that adjoin the hotel.

Palazzo Versace

* WENDA Wu, a Sydney investor who in 2018 paid $30.5 million for the Tiki Village resort in Surfers Paradise, is believed to be doing some homework on building a tower on the property’s riverfront.

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The 6070 sqm three-title Tiki site has an eight-level former timeshare building on its eastern end two single-level buildings on its riverfront western side, and a 1472 sqm riverbed lease.

Industry sources say Wenda might be looking to capitalise on the site’s unlimited height zoning.

* ALLAN and John Sammut, the developers of fast-selling tower Coast, to be built on the Surfers Paradise beachfront, have much bigger fish to fry in their hometown Sydney.

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They’ve assembled a $100 million-plus site in Cronulla and plan a $350 million project called Vue, which is intended to revitalise the suburb’s CBD.

Their partner in the venture, as with Coast, is funder Alceon, which is behind Robina’s Acuity Business Park.