Quest and development partner Pellicano have broken ground on a new A$70 million (US$53.6 million) mixed-use development encompassing an 87-key apartment hotel in Geelong.
Upon completion in 1Q2023, Quest Geelong Central will offer a mix of studios, one-, two- and three-bedroom apartments, alongside ground floor dining and retail spaces, a rooftop gym and conferencing facilities.
Construction of Quest Geelong Central expected to be completed in 1Q2023
General manager of growth & capital strategy at Quest, James Shields, said the site on Gheringhap Street was chosen to capture the growing extended stay corporate travel market within Geelong.
Shields elaborated: “The Geelong economy is undergoing a structural transition from a manufacturing dominated economy to one driven by tourism and related services. We’re forecasting strong growth over the medium- to long-term, given Geelong’s close proximity to Melbourne, growing events schedule and the ongoing gentrification of old industrial spaces.
“With the terminal for the Spirit of Tasmania opening in late 2022 and Geelong Fast Rail set to commence in 2023, Quest has invested to capture the significant local leisure and corporate travel market.”
Quest and development partner Pellicano have broken ground on a new A$70 million (US$53.6 million) mixed-use development encompassing an 87-key apartment hotel in Geelong.
Upon completion in 1Q2023, Quest Geelong Central will offer a mix of studios, one-, two- and three-bedroom apartments, alongside ground floor dining and retail spaces, a rooftop gym and conferencing facilities.
General manager of growth & capital strategy at Quest, James Shields, said the site on Gheringhap Street was chosen to capture the growing extended stay corporate travel market within Geelong.
Shields elaborated: “The Geelong economy is undergoing a structural transition from a manufacturing dominated economy to one driven by tourism and related services. We’re forecasting strong growth over the medium- to long-term, given Geelong’s close proximity to Melbourne, growing events schedule and the ongoing gentrification of old industrial spaces.
“With the terminal for the Spirit of Tasmania opening in late 2022 and Geelong Fast Rail set to commence in 2023, Quest has invested to capture the significant local leisure and corporate travel market.”