Australia’s Mantra Group will operate a new-build hotel in Melbourne’s booming northern suburbs, slated for opening in mid-2019.
Epping, in the City of Whittlesea, one of the largest municipalities in metropolitan Melbourne, will be the location of the four-star, two-wing development valued at A$70 million (US$53 million).
Mantra Epping Hotel
Mantra Epping Hotel will feature 214 rooms and apartments, a café/restaurant, brewhouse, conference and meeting facilities, gymnasium, and an open car park containing 143 marked bays and secure bicycle storage.
The hotel will open within the Northpoint Enterprise Park – said to be Melbourne’s fastest growing expansion corridor – and be surrounded by retail shops, showrooms, business and industrial premises, as well as a hospital and the newly-relocated Melbourne Market.
Mantra Group CEO, Bob East, said: “This acquisition comes at an opportune time in the Australian hotel market, with hotels in Melbourne and surrounds experiencing substantial uplift in demand in recent years.
“This strong performance is set to continue with further domestic and international visitation uplift forecasted for the greater Melbourne market.”
