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TAA (Vic) Development and Industry Intelligence Report – Part

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Contents DEVELOPMENT SUMMARY ............................................................................................................... 3 New hotel openings since March 2014 ............................................................................................ 3 MELBOURNE NEW OPENINGS- (Under Construction, Proposed, Approved) .................................. 5 Under Construction ........................................................................................................................... 5 Approved ........................................................................................................................................... 8 Proposed ......................................................................................................................................... 10 SUBURBAN HOTELS (Under Construction, Proposed, Approved) ................................................. 12 REGIONAL HOTELS (Under Construction, Proposed, Approved) ................................................... 14 2 DEVELOPMENT SUMMARY New hotel openings since March 2014 Date Hotel Hotel Suburb Rooms Star Rating Hotel Group Opened 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 Melbourne 204 4.5 Erdigroup October 2019 Swanston* 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 Melbourne 153 4 Brady Hotels August 2019 Little 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 Vibe Hotel Melbourne Melbourne 204 4 TFE Hotels April 2020 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 Melbourne 483 4.5 Accor Hotels November 2018 Central 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 Southbank 347 4 Novotel March 2018 Wharf 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 Docklands 273 4 Hotels and March 2017 Melbourne Resorts Imagine Imagine Marco Southbank 176 4 Hotels and January 2017 Resorts Sebel Melbourne Moorabbin Moorabbin 120 4.5 Accor Hotels January 2017 3 QT Hotels & QT Melbourne Melbourne 188 September 2016 5 resorts Punthill Punthill North Apartments Melbourne 130 4 August 2016 Group Quest Dandenong Central Dandenong 95 4 Quest August 2016 Oaks Southbank Southbank 70 4 Oaks Group July 2016 Peppers Docklands – M Docklands 87 4.5 Mantra January 2016 Docklands 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 87 4.5 Wyndham November 2014 Melbourne 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 4,663 4 MELBOURNE NEW OPENINGS- (Under Construction, Proposed, Approved) Under Construction EST. STAGE OF PROJECT ROOMS DEVELOPER YEAR CITY COST OPERATOR DEVELOPMENT Courtyard by Marriott West 150 Ousia Marriott Under 2021 West Melbourne Melbourne Properties Pty Construction Ltd Yotel Southbank 244 CHT Cornerstone Under Q1 2022 Architects Partners Group Construction AC Melbourne Southbank Southbank 200 Capital Marriott Under 2021 Hotel by Marriott Alliance International Construction 199 Normanby Road Le Meridien Melbourne 235 Jinshan Marriott Construction 2022 The Palace Theatre Investment International commenced 2019 30 Bourke Street Group Hyatt Centric Melbourne Melbourne 280 Hickory Group Hyatt Hotels Construction March 9-27 Downie Street (off commenced May 2021 Flinders Lane) 2019 Meriton Suites Melbourne Melbourne 298 Hickory Meriton Suites Construction 2021 140 King Street Construction commenced Q4 2019 Oakwood Premier Southbank 154 (within 40 Oakwood Under Q1 2022 Melbourne storey tower with Construction 238 apartments) Seafarers Place Melbourne 280 hotel rooms $450m Riverlee - TBC Construction Northbank Goods Shed and 150 Melbourne commenced - Yarra River apartments mid-2019 Marriott Docklands 200 hotel rooms, $155m Capital Marriott Under August Harbour Town Shopping Docklands 110 apartments Alliance Construction 2020 Centre (build above) Waterfront Way 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 (QIC) building Premier Tower Melbourne 160 hotel rooms, Singaporean TBC Under 2020 (Old Savoy Tavern site) 660 apartments developer Construction 134 Spencer Street Fragrance (Cnr Bourke & Spencer Group Street) 5 EST. STAGE OF PROJECT ROOMS DEVELOPER YEAR CITY COST OPERATOR DEVELOPMENT The Ritz- Carlton Melbourne 240 Far East The Ritz- Under 2020 Swanston Street Consortium Carlton Construction TPYR by Wyndham Carlton 173 Manors Gate Wyndham Under March Carlton Melbourne Group Pty Ltd Hotels & Construction 2021 12 Leicester Place Resorts Holiday Inn Richmond Richmond 160 2023 Mojo Nomad South Yarra South Yarra 100 Argo Group Ovolo Group Under Mid 2020 and Hickory Construction Group Ovolo South Melbourne South 80 $50 M Perri Projects Ovolo Group Under Late 2020 Hotel Melbourne Construction Moray / Dorcas Street 183-199 Moray Street Shangri-La Melbourne 300 plus $640M SP Under 2022 288-326 Exhibition Street (overlooking residential twin Setia (Malaysi construction Carlton tower an/designers Gardens - project Cox and Telstra’s Fender Exhibition Katsalidis Street site) Hilton Melbourne Little Melbourne 244 Unkno Multiplex Hilton Construction Q3 2020 Queen Street wn M&LHospitalit commenced Equity Chambers y (Singapore) Cnr Bourke and Little Queen Streets Voco Melbourne Central Melbourne 252 $500M Brady IHG Commenced Nov 2020 380 Melbourne Property 2018 Brady Group Group 380 Londsdale Street W Hotel 294 $2.20 B CBUS/Daisho W Hotel Under Dec 2020 435 Collins Street Melbourne (Starwood) Construction Adina Grand Apartment West 92 Trenerry TFE Hotels Under 2020 Hotel West End Melbourne Property construction Melbourne (former Australia Post site, next to Festival Hall) UniLodge – student Melbourne 198 hotel rooms, Greenfort Under accommodation 383 dwellings Capital construction 478 – 488 Elizabeth Street Adina Apartment Hotel Southbank 220 serviced Developers Adina Hotels Under September Southbank apartments Hume construction 2020 55 Southbank Boulevard Partners Property and BATESSMART 6 EST. STAGE OF PROJECT ROOMS DEVELOPER YEAR CITY COST OPERATOR DEVELOPMENT PM Port Melbourne Port 336 dwellings, PM Group Registration and 2020 320 Plummer Street Melbourne 200 serviced sales – under (Apartment Hotel) apartments construction Home Southbank Southbank 130 Altus Pan Pacific Construction 258 City Road Development commenced 2019 Total 5,295 7 Approved STAGE OF EST. PROJECT CITY ROOMS DEVELOPER OPERATOR DEVELOPMEN YEAR COST T Green Spine Southbank 220 $2B Beulah TBC Approved 2023 118 City Rd, Southbank VIC 3006 International 371-389 La Trobe Street Melbourne 196 Sterling Global TBC Approved – Not concept design confirmed 244-276 Spencer Street Melbourne 263 Approved 244 -248 Flinders lane Melbourne 215 Moremans Land TBC Approved TBC Holiday Inn Richmond Richmond 160 Pelligra Group, InterContine Approved 2023 PrimeLand ntal Hotels Group and Group Diamond Hospitality Singapore Peppers Melbourne Richmond Richmond 83 Brady Amber Accor Approved 2022 203-207 Bridge Road Property Group Veriu Queen Victoria Market West 111 $450 PDG Veriu Confirmed Late-2022 (Munro site) Melbourne (mixed use) St Regis Hotels & Resorts Melbourne 168 Part of Century Group Marriott Planning 2022 Cnr Spencer and Flinders $800m Aus International Street build Fragrance Group 173 hotel Fragrance Group Approved Mid – 539-557 Collins Street ( 555 Melbourne rooms 2022 Collins Street) 780 completio apartments n Hotel Indigo Docklands 305 Salta Properties IHG Conditional TBC 695-699 Latrobe Street apartments support Deluxe 5-star brand and 170 received from hotel the City of rooms Melbourne Holiday Inn and Hotel Indigo Melbourne 453 Focus Ventures IHG Deal signed 2023 (co-branded) (272 Crema The Walk Arcade – Bourke St Holiday Inn Constructions – to Little Collins Street and 181 builder Hotel Indigo) Marriott Executive Apartments Melbourne 176 serviced $360m Woodlink IHG 424 – 426 St Kilda Road, apartments mixed Designed by 163 use Bates Smart residential develop apartments ment Mandarin Oriental Hotel Melbourne 196 $700m Landream Mandarin Management 2023 Group tower (China) Oriental agreement 586-606 Collins Street signed 8 STAGE OF EST. PROJECT CITY ROOMS DEVELOPER OPERATOR DEVELOPMEN YEAR COST
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