The Trump Group, led by Executive Vice President Eric Trump, announced that it will invest $1.06 billion (approximately AUD 1.5 billion) to develop its first real estate project in Australia—the Trump International Hotel Tower. Located in Surfers Paradise, this 91-story, 340-meter-tall skyscraper is being developed in partnership with Altus Group. It will feature 285 luxury hotel rooms and 272 apartments, starting at $5 million. However, the project faces a height challenge from the nearby approved 393-meter One Park Lane Tower, with both projects scheduled to break ground in 2026.

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