Construction has commenced on the $150 million Crowne Plaza Maroochydore Sunshine Coast, with a sod-turning ceremony marking the start of works on one of the region’s most significant new hotel developments ahead of the 2032 Olympic and Paralympic Games.

The development comes as the Sunshine Coast faces a significant shortfall in accommodation, with more than 2,400 additional rooms required in the lead-up to the Games.

Michael Maroun, Felix Capital Director, said the project was about more than delivering a hotel.

“This project is about supporting the Sunshine Coast’s transformation into a world-class destination ahead of the Olympics and beyond. Maroochydore is fast emerging as a major commercial and lifestyle hub for the region,” Mr Maroun said.

Matthew Tripolone, IHG Hotels and Resorts Managing Director Australasia and Pacific, said the Sunshine Coast was seeing strong demand for high-quality internationally branded accommodation.

“This project is well positioned to support that growth and meet increasing demand ahead of 2032 and beyond,” Mr Tripolone said.

Crowne Plaza Maroochydore will deliver 180 guest rooms, more than 900 square metres of meeting and event space including a 600-square-metre ballroom, a 30-metre pool, gym, sauna and secure basement parking.

Food and beverage offerings will include a 167-seat all-day dining restaurant, a 180-seat outdoor pool bar and lounge, a ground-floor signature dining venue and a lobby bar.

The development also includes AER Residences, comprising 24 luxury two- and three-bedroom apartments across the top four levels, priced from $1,650,000. Twenty-five per cent of apartments have already sold, with the majority going to owner-occupiers.

Construction is expected to be completed by 2028. IHG Hotels and Resorts will operate the property under the Crowne Plaza brand.