Developers AsheMorgan and Urban have committed to new projects that will add another 316 rooms to the Melbourne market
211-key Docklands hotel due Jan 2023
105-key lyf hotel in Collingwood due 2022
5,262 rooms currently under construction in the Melbourne CBD and city fringe
Developers AsheMorgan and Urban have committed to new projects that will add another 316 rooms to an existing development pipeline of well over 5,000 rooms in Melbourne.
At Melbourne's Docklands precinct, AsheMorgan hopes to kick off construction in Q2 2021 on a $100 million apartment hotel. The proposed 14-level tower at 80 Waterfront Way will have 211 rooms and due to be completed in January 2023.
Serviced apartment operator Nesuto, a subsidiary of Japan's largest home builder, Daiwa House, has struck a deal with AsheMorgan to lease the hotel once completed.
In Collingwood, local developer Urban and joint venture partners Hamilton Marino and CHT Architects have begun construction of a 105-room hotel as part of their $85 million mixed-use C&L residences.
The hotel at 42 Oxford Street will be operated by Singaporean accommodation giant The Ascott Limited, which also majority owns serviced apartment franchise Quest.
When it opens in 2022, the hotel will mark the debut in Australia of The Ascott's lyf brand, a co-living concept that features small rooms and large common areas designed to encourage social interaction.
According to JLL's Hotel Development Register, there are 23 hotels and 5,262 rooms – almost 40 per cent of the national total – under construction in the Melbourne CBD and city fringe.
Most of them due to open in the next 12 months, including W, Ritz-Carlton and Shangri-La hotels.