Marriott International has signed an agreement with property developers Pelligra Group and Giannarelli Group to develop Australia’s third Ritz-Carlton hotel.

Slated to open in 2026, the new property will be located in the Mariner’s Cove at the northern end of the Gold Coast.

The Ritz-Carlton, Gold Coast is anticipated to provide 150 guest rooms and suites, including a planned 275m2 Ritz-Carlton Suite.

The hotel will house a signature restaurant featuring semi-opened kitchens, a café, destination bar, poolside bar and a Lobby Lounge.

In addition, the companies have plans to include a 587m2 function space, which will feature a 512m2 ballroom and 261m2 of outdoor pre-function space.

Other guest amenities will include an outdoor rooftop pool, a fitness centre and signature Ritz-Carlton Spa.

Marriott International Australia, New Zealand, and Pacific hotel development vice-president Richard Crawford said: “Marriott International is recognised as the global leader in the upper upscale and luxury segments.

“Today’s signing with Pelligra Group and Giannarelli Group is a profound indication of strong investor confidence, buoyed by a resurgent affluent domestic travel market.

“Once opened, the resort expects to set a new benchmark for luxury on Australia’s Gold Coast with the property’s enviable waterfront location.”

The Ritz-Carlton, Gold Coast will be part of a $480m new waterfront development at Mariner’s Cove.

The property will be located close to most popular tourist attractions including waterfront restaurants and bars, the Broadwater, and white sand beaches.

In May this year, Marriott entered into agreement with The Red Sea Development Company to develop the first Ritz-Carlton Reserve brand hotel in the Middle East.