Appendix A - Economic Impact Assessment.pdf

                                              Noosa Springs Luxury Hotel Economic Impact Assessment
                                                                                        Final Report

1.        Introduction
Lucid Economics Pty Ltd (Lucid) has been engaged by Noosa Springs Real Estate Pty Ltd to conduct
an economic impact assessment for a planned hotel at Noosa Springs.
The Noosa Springs Golf and Spa Resort is a 100 hectare mixed use development featuring a
residential community, golf course, spa and tennis centre. It is located approximately 4km (6 minute
drive) from the famous Hastings Street in Noosa Heads, QLD.
Figure 1.1. Noosa Springs Golf and Spa Resort Location




                                                         Noosa Springs




Source: Google Maps

Noosa Springs Real Estate Pty Ltd is part of the GH Australia Group, which owns the Noosa Springs
Golf and Spa Resort, and wishes to develop a full service, luxury hotel on the site with a total of 112
rooms, which would likely enter the market in 2023. The hotel will support the existing golf club and
spa and ensure they continue to maintain the very high standard that has been developed. New
investment into the new hotel and associated infrastructure will support the growth and expansion
of Noosa as a destination.




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