Crown Resorts has paid $50 million for an interest in land behind the present Melbourne casino and is set to build a 400-room luxury five-star hotel and apartment complex. Crown is in the process of tying up a partnership with the Schiavello Group that owns the land in Southbank.
Adding to the company’s existing suite of accommodation, including Crown Towers, Crown Promenade and Crown Metropol, the the 84-floor, 300m high hotel will not feature any gaming floors.
In a statement, Crown Resorts Chairman James Packer said, “While Crown continues its domestic and global expansion, Crown Melbourne remains our flagship resort and this project will ensure it remains the best integrated resort in Australia and amongst the best in the world.”
Mr Packer said the new development would be a crucial boost to room supply.
Crown said the company is still finalising designs for the project, with an initial investment of $50 million.
More details will be released in 2015.