The Crowne Plaza “property” includes a 269 4 star hotel and associated facilities, the management of the interconnecting Gold Tower, strata title reception and meeting space in the Gold Tower, a two level penthouse in the Gold Tower and a 1,600 sqm (approx.) development site over which a significant approval exists. The total freehold site is 12,776 sqm and it is on the beachside of the Gold Coast Highway, 400 metres to the patrolled surf beach (Life Guard Tower #31, Wharf Road) and in close proximity to the $1 Billion Jewell development.