Friday, July 28, 2017
Samsung Website Header Banner
Hirum Next Gen Website Title 728×90

Mantra Group acquires hotel in Melbourne’s north

One of Greater Melbourne’s fastest growing areas will benefit from a $70 million hotel development that will service the rapid increase of activity in Melbourne’s booming northern suburbs.

Epping will be the site of the 214-room hotel that is being designed to capitalise on both the history of the northern suburbs and the unique attributes of Epping today. Located right near Melbourne’s new wholesale fruit, vegetable and cut flower market and The Northern Hospital, construction is due to start in the latter part of 2017 with opening scheduled for mid-2019.
The hotel is being developed by Too Build and will be operated by Mantra Group.
Operating as Mantra Epping Hotel, it will feature both hotel 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.
One of Australia’s largest construction companies, Hacer Group, has been engaged to complete the project build, creating an expected 300 construction jobs. Mantra Group chief executive officer, Bob East, said the group is thrilled to operate this new-build hotel under a hotel management agreement.
 “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,” said Mr East.
“This strong performance is set to continue with further domestic and international visitation uplift forecasted for the greater Melbourne market.
 
“Mantra Epping Hotel will complement our extensive Melbourne portfolio and reaffirms our strategy of securing desirable new properties in Australian capital city metropolitan markets.
 
“With its strong and varied accommodation demand drivers, we’re confident this hotel will provide a market-leading hotel offering, well positioned to become the region’s premier corporate, meetings and leisure hotel.”
Too Build chief executive officer Ian Wilson said the project is perfectly timed to accommodate the next stage of growth for Epping.
 “What’s exciting to me is to create something I know the local community – traders and residents alike – will really want to spend time in whether they have guests staying at the hotel or not.  Mantra Epping Hotel will become a proud part of the local community and a favourite meeting spot,” said Mr Wilson.
 
Mantra Epping Hotel is surrounded by an array of retail shops, showrooms, business and industrial premises, plus The Northern Hospital and the newly relocated Melbourne Market are both situated nearby, which will all provide important business opportunities for the property.”
Epping is located within the City of Whittlesea, one of the largest municipalities in metropolitan Melbourne covering an area of approximately 489 square kilometres.

About accomnews

accomnews

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

AccorHotels claim titles at 2017 TAA Awards

AccorHotels was front and centre at the 20th annual Accommodation Awards for Excellence hosted by the Tourism Accommodation Australia (NSW).

Onefinestay a leader in luxury private rentals?

AccorHotels has announced the grouping of Travel Keys, Squarebreak and onefinestay with the intention to integrate the three companies under the onefinestay brand before the end of the year.

Star Ratings Australia closure: One month on

As Accomnews reported in February of this year, Star Ratings Australia ceased to operate as of June 30 2017, later announcing that they would be leaving the Australian Tourism Industry Council (ATIC) with the responsibility of accreditation for the accommodation sector. Almost a month after the changes came into effect, Accomnews has investigated the importance of the scheme, and looked at where consumers are turning for ratings and reviews.