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Thu, 28 March 2019

PHG Signs Hotel in Melbourne, Australia

Park Hotel Group has signed a management deal with Roxy-Pacific Holdings for a hotel in Melbourne, Australia.

Scheduled to open in 2022, the Park Hotel Melbourne increases the groupís portfolio to nearly 20 hotels in operation or under development.

ďWe are thrilled to introduce Park Hotel to Melbourne and bring the upscale brandís culturally rooted, globally inspired hospitality to travellers and locals in this city,Ē said Allen Law, Chief Executive Officer of Park Hotel Group. ďBacked by strong fundamentals and increased demands in the domestic and international visitor markets, I am optimistic and excited for Park Hotel to be a part of the vibrant hotel landscape of Melbourne, which has seen over 80 per cent hotel occupancy in 2018.Ē

Park Hotel Group has signed a management deal with Roxy-Pacific Holdings for a hotel in Melbourne, Australia. Scheduled to open in 2022, the Park Hotel Melbourne increases the groupís portfolio to nearly 20 hotels in operation or under development. Click to enlarge.

The 23-storey Park Hotel Melbourne will feature 319 guest rooms and suites, a lobby lounge, a concept restaurant and bar with alfresco terrace seating on the eighth floor as well as a fitness centre.

 The new-build hotel will offer five versatile function rooms that can be combined into a ballroom to accommodate meetings and events ranging from 20 to 200 persons.

Teo Hong Lim, Executive Chairman & Chief Executive Officer of Roxy-Pacific, said, ďConveniently located in the heart of Melbourne, the new Park Hotel Melbourne is a continuation of the groupís strategic efforts to strengthen our hospitality and is in line with our plans to grow our stable of recurring income streams. As a popular tourist destination, tourism in Melbourne grew significantly in 2018. Going forward, Australiaís tourism and hotel sector is expected to record strong growth in the coming years, likely to exceed the countryís broader economic growth, and should augur well for the new hotel.Ē

Melbourne, capital city of the state of Victoria, Australia, welcomed 31.5 million visitors for the year ending September 2018, marking a significant 11.6% growth year-on-year.

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