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