DEVELOPMENT NEWS
Major hotel projects in limbo The future of Ritz-Carlton Melbourne, the W Sydney Hotel and Brisbane’s super-lux 443 Queen St apartment complex is now in limbo as work grinds to a halt following the collapse of construction giant Probuild. Deloitte has been appointed as administrator to handle the fallout from the collapse which has impacted 18 major commercial and public-sector projects in development across the country - 13 projects in Victoria, three in New South Wales, one in Queensland and one in Western Australia. Intended for opening later this year, the Ritz-Carlton Melbourne forms part of the huge West Side Place development at 250 Spencer Street. The first stage of the project includes two towers comprising 1376 apartments and 263 hotel rooms which, when finished, would see the Ritz-Carlton at 270m high in place, as the tallest hotel in the southern hemisphere.
Currently operating as Holiday Inn & Suites Bondi Junction and previously operated as Quest Bondi Junction, the 82-room hotel will undergo an extensive refurbishment of its guest rooms, lobby and guest spaces, all of which will showcase the Holiday Inn brand’s innovative nextgeneration design and guest experience.
Kimpton Margot Hotel
La Vie Hotels & Resorts is currently on a significant expansion phase across Australia and Southeast Asia.
A Gold Coast round up…
Sydney’s newest hotel, the Kimpton Margot Hotel officially opened Described by its designers as the place where heritage-listed Art Deco architecture meets modern Australian style, the new hotel is the first IHG Kimpton brand to be opened in Australia. It is located in the former Sydney Water Board building on Pitt Street in the CBD, and has been designed to evoke the spirit of the 1930's.
Also, on schedule for a Q3 2022 opening, the W Sydney Hotel forms part of The Ribbon, a $1 billion accommodation and entertainment complex to be opened in Darling Harbour. Features of the stalled property include 593 stylish guestrooms, suites and serviced apartments, an iconic pool deck, restaurant, two bars, a spa, a state-of-theart gym, and 925 square metres of event space incorporating a grand ballroom. The 443 Queen St project in Brisbane features 264 luxury residential apartments and was also expected to welcome residents later this year.
Kimpton Margot Hotel
La Vie Hotels & Resorts
In a statement, Probuild’s parent company WBHO has blamed the Australian government's "hardline approach" to managing the COVID-19 pandemic for the collapse, citing border restrictions, snap lockdowns and working from home regulations as detrimental factors. "The impact of lockdown restrictions on the retail, hotel and leisure and commercial office sectors of building markets have created high levels of business uncertainty in Australia and have significantly reduced demand and delayed the award of new projects in these key sectors of the construction industry," the statement read.
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Dorsett Gold Coast
Dorsett Gold Coast welcomed guests when it opened its doors at the end of last year. The Gold Coast’s newest upscale hotel boasts 313 vibrant hotel rooms set within The Star Gold Coast’s world-class entertainment and leisure precinct in Broadbeach.
Holiday Inn & Suites Bondi Junction
IHG Hotels & Resorts (IHG) in partnership with La Vie Hotels & Resorts, has announced plans to extensively refurbish its latest Sydney property. DEVELOPMENTS
The hotel is Dorsett Hospitality International's first Australian hotel, and part of the $400 million project undertaken by The Star Entertainment Group and its consortium partners. The arrival of Dorsett Gold Coast is a sign that the international tourism market is confident in Australia’s tourism market, with ResortNews | March 2022
