Mapletree subsidiary, Oakwood, will open its second hotel in Australia with a 98-key offering in a new 20-storey tower
New 98-key Oakwood hotel in Melbourne’s Dandenong
Part of a $65 million mixed-use, 20-storey tower with 56 residential apartments
Hotel due early 2021
Global serviced apartment operator Oakwood will open its second Australian hotel, with a new 98-key hotel in Dandenong.
Spectra, the new 20-storey tower is being developed by Barnes Capital. The tower will include 56 residential apartments on the lower levels and 98 hotel rooms above. The apartments are due late 2020, with the hotel to open its doors early 2021. Amenities include meeting facilities, a fitness centre and entertainment area.
The site is located 35 kilometres south east of the Melbourne CBD, in the heart of Dandenong. Dandenong was the location for Amazon's first warehouse in Australia.
Oakwood became a subsidiary of Singaporean property giant Mapletree in 2017 and currently operates just one property in Australia, a 162-unit serviced apartment block in Brisbane.
The Dandenong Hotel marks the fifth hotel development being undertaken by Barnes Capital, which is developing a Holiday Inn in Coburg, a Voco Hotel in the Yarra Valley, a Hyatt Place hotel in Springvale and 128-room hotel in Torquay.