The Gold Coast's first new five-star hotel since the opening of Palazzo Versace a decade ago, Peppers Broadbeach, is being labelled as one of the most technologically advanced hotels in Australia.

It will open its doors in October after hotel owner and operator Mantra Group unveiled a deal struck with Gold Coast developer Niecon last week.

Under the deal Mantra will manage the $850 million, 505-apartment twin tower development The Oracle.

Mantra chief executive Bob East said the towers would be branded as Peppers Broadbeach.
"The new Peppers Broadbeach will be the largest property within the Peppers portfolio and represents the brand's first foray into the metropolitan hotel market," Mr East said.

Mr East said Peppers Broadbeach would be launched in three phases, with a soft opening from October and will officially open with the full suite of Peppers services next March.
Mantra Group has committed to almost $390 million worth of new hotel developments this year.