The 91-story skyscraper, which developers say will become the country’s tallest building, is planned for the Gold Coast, a popular seaside destination in the state of Queensland.

An artistic rendering of the Trump International Hotel & Tower Gold Coast.Altus Property Group

The Trump Organization has signed a deal to build its first tower in Australia, in a project worth 1.5 billion Australian dollars ($1.06 billion) that developers say will become the country`s tallest building.

The 91-story skyscraper is planned for the Gold Coast, a popular seaside destination in the Australian state of Queensland.

It will include a "six-star resort-hotel," 270 apartments, shops, a beach club and a swimming pool, local property developer Altus Property Group said in a statement.

"Australia`s tallest building will be a Trump Tower, right in the middle of Surfers Paradise - it`s great for Queensland tourism, and fantastic for Australia," the company said.

"It won`t have a Four Seasons or Ritz Carlton brand above the front door, but it will say ‘Trump.` And that means it is a no-expense-spared, highest-possible-quality building - the best in the world."

The Trump Hotels website said the project marked the first time the brand was being used for a hotel in Australia.

"Set to become Australia`s tallest tower, this landmark address redefines beachfront sophistication with world-class amenities, iconic design, and uninterrupted Gold Coast views," it said.

Altus CEO David Young said he had been pursuing the development for nearly 20 years, cold-calling Ivanka Trump in 2007 to pitch a Trump resort as "Australia`s finest tourism property."

Young said the final agreement was signed with the Trump Organization at the Mar-a-Lago resort on Feb. 14. The company is now "deeply into a process of design, engineering, construction and fit-out."

He said the building would be Australian-owned and Australian-built in line with the Trump company`s design requirements.

Prices for the tower`s apartments are likely to start at A$5 million, he said.