(23 March 2022, 14:46 +07)
Marriott has signed an agreement with Sunnyland Investment Group to open the first Marriott Executive Apartments in Australia.
Located on St Kilda Rd, Melbourne, the 180-suite hotel will be part of a mixed-use development comprising around 244 fully residential apartments with high-end amenities and services.
Construction on the $170 million project is expected to begin in 2024 and is expected to be completed by mid-2026.
Marriott Executive Apartments Melbourne
“We are delighted to be working with Sunnyland Investment Group to bring Marriott Executive Apartments to Australia, which will provide a superior accommodation experience for business and leisure travelers looking for an extended stay with all the comforts they need. expect from Marriott International,” said Richard Crawford, Vice President, Hotel Development, Australia, New Zealand and Pacific for Marriott International.
The apartments will be located at 472-474 St Kilda Road, Melbourne, just two miles from Melbourne CBD.
With parkland lining either side of the precinct, the site offers close proximity to business and leisure demand generators in Melbourne including the Melbourne Convention and Exhibition Centre, Melbourne Cricket Ground, Crown Casino, Royal Botanical Gardens and St Kilda Beach.
The property will include studios, one-bedroom apartments and dual-key apartments with separate sleeping, living and working areas, as well as gourmet kitchens.
Sean Hunt, regional vice president for Australia, New Zealand and the Pacific for Marriott International, said, “This signing further underscores our long-term commitment to strengthening our footprint in Australia. Despite the challenges our industry has faced over the past 25 months, we opened W Melbourne, Melbourne Marriott Hotel Docklands and Courtyard by Marriott Melbourne Flagstaff Gardens, adding three hotels in Melbourne this year, bringing the number to eight total of hotels in Melbourne. .”
Marriott International currently operates 27 hotels in Australia across 12 brands, including The Ritz-Carlton, The Luxury Collection, JW Marriott, W Hotels, Westin, Marriott Hotels, Sheraton, Autograph Collection, Four Points, Courtyard, Element and Aloft Hotels.
Securities: |
|
|