A proposed $1.5 billion Trump International Hotel and Tower project on Australia’s Gold Coast has been cancelled after relations between local developer Altus Property Group and the Trump Organization deteriorated. Altus executive David Young announced on LinkedIn that his firm had withdrawn from the project, citing the Trump brand’s increasingly negative image among Australians due to U.S. military posturing around Iran and global tensions. He described the decision as purely business-related and denied any personal conflict with the Trump family.

The Trump Organization responded by accusing Altus of failing to meet basic financial obligations despite months of discussions and repeated promises. The project, planned for Surfers Paradise in Queensland, was still listed on Altus’s website with claims of preliminary approval and an August construction start. However, Gold Coast Mayor Tom Tate confirmed that no formal application had been submitted to the city council.

Griffith University’s Professor Paul Burton noted that many ambitious tower projects in the region have stalled before construction, emphasizing that while AI can generate attractive designs, real-world financing and credibility remain decisive challenges.