QT Hotels and Resorts will manage serviced apartments in the $440 million Pacific Development at Sydney’s Bondi Beach.
The development will take place at the Swiss Grand hotel, which is due to close for construction on 28 September, 2013.
Sixty-nine apartments will be branded as QT residences, with a further 94 other properties comprising the complex.
There are also reports that the company will be underwriting a minimum return on its apartments for the first three years.
Properties in the Pacific complex start at $590,000.
For more information see pacificqt.com.au