TAA (Vic) Development and Industry Intelligence Report – Part

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TAA (Vic) Development and Industry Intelligence Report – Part NOVEMBER 2020 TAA (Vic) Part Two Contents DEVELOPMENT SUMMARY .................................................................................................................. 3 MELBOURNE NEW OPENINGS - Under Construction .......................................................................... 5 MELBOURNE NEW OPENINGS – Approved ......................................................................................... 8 MELBOURNE NEW OPENINGS – Proposed ........................................................................................10 SUBURBAN HOTELS (Under Construction, Proposed, Approved) .....................................................11 REGIONAL HOTELS (Under Construction, Proposed, Approved) .......................................................13 2 DEVELOPMENT SUMMARY New hotel openings since March 2014 Date Hotel Hotel Suburb Rooms Star Rating Hotel Group Opened Adina Apartment Hotel Southbank Southbank 220 4 Adina Hotels November 2020 The Sebel Yarrawonga Yarrawonga 63 4.5 Accor November 2020 Vibe Hotel Melbourne Melbourne 204 4 TFE Hotels April 2020 Holiday Inn Express (Pod Room Southbank 345 4.6 EVEN Hotel February 2020 Hotel) The Sebel Melbourne Moonee Moonee 97 4.5 Accor November 2019 Ponds (Mason Square) Ponds Hotel Chadstone Melbourne Chadstone 250 4.4 Sofitel November 2019 MGallery by Sofitel Pullman Melbourne on Swanston* Melbourne 204 4.5 Erdigroup October 2019 South Next Story LinQ 162 5 September 2019 Melbourne Group Brady Hotels Melbourne 150 4.3 Brady Group August 2019 Brady Hotels Jones Lane (111 Little Melbourne 153 4 Brady Hotels August 2019 Lonsdale Street) Element Melbourne Richmond Richmond 168 4.5 Marriott June 2019 Mantra Epping Epping 214 4.5 Accor May 2019 Shadow Play by Peppers Southbank 70 4 Mantra Mid-April 2019 Quest New Quay Docklands 221 4 Quest February 2019 Quest St Kilda Road Melbourne 104 4 Quest March 2019 Sebel Melbourne Malvern Malvern 98 4.5 Accor Hotels December 2018 Novotel and ibis Melbourne Central Melbourne 483 4.5 Accor Hotels November 2018 United Places – Botanic Gardens South Yarra 12 5 Home Hotel August 2018 Quest Epping – Cooper Street Epping 96 4 Quest July 2018 AVANI Hotel – 60 A'Beckett St Melbourne 120 4 Minor Hotels June 2018 Novotel Melbourne South Wharf Southbank 347 4 Novotel March 2018 Tyrian Serviced Apartments Albert Park 85 5 Tyrian January 2018 Gerry and Mitchelton Winery Estate Nagambie 58 5 December 2017 Andrew Ryan The Chen – An Arts Series Hotel Box Hill 100 5 Mantra November 2017 Sage Hotel Ringwood 120 4.5 Silver Needle October 2017 Essendon Hyatt Hotels Hyatt Place 166 4 June 2017 Fields and Resorts Jackalope Hotel Willow Creek Merricks Jackalope 46 5 March 2017 Vineyard North Hotels Starwood Four Points by Sheraton Melbourne Docklands 273 4 Hotels and March 2017 Resorts Imagine Hotels Imagine Marco Southbank 176 4 January 2017 and Resorts Sebel Melbourne Moorabbin Moorabbin 120 4.5 Accor Hotels January 2017 QT Hotels & QT Melbourne Melbourne 188 September 2016 5 resorts Punthill North Apartments Melbourne 130 4 Punthill Group August 2016 3 Date Hotel Hotel Suburb Rooms Star Rating Hotel Group Opened Quest Dandenong Central Dandenong 95 4 Quest August 2016 Oaks Southbank Southbank 70 4 Oaks Group July 2016 Peppers Docklands – M Docklands Docklands 87 4.5 Mantra January 2016 Oaks Pinnacle South Yarra 41 4.5 Oaks December 2014 Larwill Hotel (Art Series) Parkville 100 4.5 Arts Series December 2014 Wyndham on William Melbourne Melbourne 87 4.5 Wyndham November 2014 Brady Hotel Melbourne 146 4 Brady Hotels October 2014 Quest Melbourne Airport Tullamarine 96 4 Quest October 2014 South The Coppersmith 15 4.5 Bagios Group July 2014 Melbourne Sheraton Melbourne Melbourne 174 5 Sheraton March 2014 Total 6,154 4 MELBOURNE NEW OPENINGS - Under Construction STAGE OF PROJECT CITY ROOMS EST. COST DEVELOPER GROUP DEVELOPMENT YEAR Ovolo South Melbourne South 100 $50 M Perri Projects Ovolo Group Under Late 2020 Hotel Melbourne Construction Moray / Dorcas Street 183-199 Moray Street Mojo Nomad South Yarra South Yarra 100 Argo Group Ovolo Group Under 2020 construction PM Port Melbourne Port 336 dwellings, PM Group Registration and 2020 320 Plummer Street Melbourne 200 serviced sales – under (Apartment Hotel) apartments construction Voco Melbourne Central Melbourne 252 $500M Brady Property IHG Commenced 2018 Opening 380 Melbourne Group Soon Brady Group 380 Londsdale Street Adina Grand Apartment West 92 Trenerry TFE Hotels Under 2020 Hotel West End Melbourne Melbourne Property construction (former Australia Post site, next to Festival Hall) NEXT Hotel Melbourne 255 $110 Queens and Silver Needle Under 2020 Nauru House Investment operate under construction 80 Collins Street Corporation Next Brand (located Le Louvre building (QIC) Premier Tower Melbourne 160 hotel Singaporean TBC Under 2020 (Old Savoy Tavern site) rooms, 660 developer construction 134 Spencer Street apartments Fragrance (Cnr Bourke & Spencer Group Street) Ovolo South Yarra South Yarra 123 Argo Group Ovolo Group Under Q1 2021 Intersection of Toorak construction Road and Chapel Street Hilton Melbourne Little Melbourne 244 Unknown Multiplex Hilton Construction Q1 2021 Queen Street M&LHospitalit commenced Equity Chambers y (Singapore) Cnr Bourke and Little Queen Streets W Hotel 294 $2.20 B CBUS/Daisho W Hotel Under Feb 2021 435 Collins Street Melbourne (Starwood) construction Marriott Docklands 200 hotel $155m Capital Alliance Marriott Under March Harbour Town Shopping Docklands rooms, 110 construction 2021 Centre apartments (build above) Waterfront Way The Ritz- Carlton Melbourne 240 Far East The Ritz- Carlton Under 2021 Swanston Street Consortium construction 5 STAGE OF PROJECT CITY ROOMS EST. COST DEVELOPER GROUP DEVELOPMENT YEAR Quincy Hotel Melbourne 241 Sold for BPM - TFE Hotels Under 2021 (debut of brand for TFE (30 levels, café $91.3m to Developer construction Hotels in Australia) and rooftop Indian looking to sell, bar) billionaire- off the plan Corner King St and Flinders Kapil and Maxcon Lane Rahul (builder) (33 King Street, near Bhatia Southern Cross Station) (InterGl- obe) TPYR by Wyndham Carlton 173 Manors Gate Wyndham Under March Carlton Melbourne Group Pty Ltd Hotels & Resorts construction 2021 12 Leicester Place Seafarers Place Melbourne 280 hotel $450m Riverlee - TBC Under 2021 Northbank Goods Shed rooms and 150 Melbourne construction Yarra River apartments Hyatt Centric Melbourne Melbourne 280 Hickory Group Hyatt Hotels Under March 9-27 Downie Street (off construction 2021 Flinders Lane) AC Melbourne Southbank Southbank 200 Capital Alliance Marriott Under 2021 Hotel by Marriott International construction 199 Normanby Road Courtyard by Marriott West 150 Ousia Marriott Under 2021 West Melbourne Melbourne Properties Pty construction Ltd Shangri-La Melbourne 300 plus $640M SP Setia Under Q1 2022 288-326 Exhibition Street residential twin tower (Malaysian/des construction project igners Cox and Fender Katsalidis Yotel Southbank 244 CHT Architects Cornerstone Under Q1 2022 63-69 City Road in Partners Group construction Southbank Oakwood Premier Southbank 154 (within 40 Oakwood Under Q1 2022 Melbourne storey tower construction 202 Normanby Road, with 238 Southbank apartments) Veriu Queen Victoria West 111 $450 PDG Veriu Under Late-2022 Market Melbourne (mixed- Corporation construction (Munro site) use) Le Meridien Melbourne 235 Jinshan Marriott Construction 2022 The Palace Theatre Investment International commenced 2019 30 Bourke Street Group Meriton Suites Melbourne 298 Hickory Meriton Suites Construction 2022 Melbourne Construction commenced Q4 140 King Street 2019 6 STAGE OF PROJECT CITY ROOMS EST. COST DEVELOPER GROUP DEVELOPMENT YEAR Holiday Inn Richmond Richmond 160 Pelligra Group, IHG Under 2023 Opposite Burnley Station PrimeLand construction Group and Diamond Hospitality Singapore Hilton Melbourne Square South 600 hotel $2.8b OSK Property Hilton Under 2023 93-199 Kavanagh Street Melbourne rooms, 2,610 construction dwellings UniLodge – student Melbourne 198 hotel Greenfort Under N/A accommodation rooms, 383 Capital construction 478 – 488 Elizabeth Street dwellings Home Southbank Southbank 130 Altus Pan Pacific Construction N/A 258 City Road Development commenced 2019 Total 7,270 7 MELBOURNE NEW OPENINGS – Approved EST. STAGE OF PROJECT CITY ROOMS DEVELOPER GROUP YEAR COST DEVELOPMENT lyf Collingwood Melbourne Collin 105 Joint development Ascott Approved 2022 42 Oxford Street between Limited Urban, Hamilton Marino and CHT Architects Ormond Hotel and Momo's Melbourne 537 $18.5M Ormond Group Tune Hotels Approved 2022 Melbourne (two hotels, 540 Flinders Street and 539-545 will be joined Flinders Lane by pedestrian laneway) 383 La Trobe Street Melbourne 488 Sterling Global Mirvac Approved 2022 (currently historic Melbourne apartments Mint site, leased to Australian and 200 Federal Police) hotel rooms Peppers Melbourne Richmond Richmond 83 Brady Amber Accor Approved 2022 203-207 Bridge Road Property Group Voco South Melbourne South 171 BEKL IHG Approved 2023 St Kilda Road Melbourne Green Spine Southbank 220 $2B Beulah TBC Approved 2023 118 City Rd, Southbank VIC 3006 International Holiday Inn and Hotel Indigo Melbourne 453 Focus Ventures IHG Deal signed 2023 (co-branded) (272 Holiday Crema The Walk Arcade – Bourke St to Inn and 181 Constructions – Little Collins Street Hotel Indigo) builder Mandarin Oriental Hotel* Melbourne 0 $700m Landream (China) Mandarin See note below 586-606 Collins Street tower Oriental SO/ Melbourne 210 $450 M MIT Australia Accor Approved 2023 Corner of
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