Keystone lent money to director’s $300m Port Douglas resort dream

A trustee of a financial services company under investigation by the corporate watchdog lent money to companies associated with a director’s controversial plan to develop a prestige resort in Queensland’s Port Douglas.

The $300 million Fairmont Resort was conceived by Melbourne property developer Paul Chiodo. “We are talking about absolute uber five-star luxury here, the very high end,” Mr Chiodo told The Cairns Post when hotel agreements were signed in 2020.