Brisbane Poised For Luxury Hotel Living | Business News Australia

Written on the 15 October 2015

Brisbane Poised For Luxury Hotel Living | Business News Australia BRISBANE City Council has given the green light to a $325 million luxury five-star hotel and apartment tower which will see the renaissance of a landmark site in the heart of the CBD.

Developer Mary 111 Pty Ltd, associated with local businessman Sam Chong, will fuse a five-star international hotel with executive residences in a format popular around the world but not seen before in Brisbane.

The concept has already proved successful on the Gold Coast where Brookfield Multiplex developed the $700 million Hilton Surfers Paradise Hotel and Residences, which comprises 169 hotel rooms and 224 luxury apartments.

The approval granted to Mary Lane in Brisbane is for 286 hotel rooms and 167 residences, although the developer has since lodged an amendment which will retain the current building form but bring the number of residences to 184.

The developer will retain control of the building's 400sqm retail element which will include a café, restaurants and bar.

Development manager Ian Pert, of GMP Management, describes Mary Lane as a unique offering in the Australian market that combines an executive residential offering atop a five-star hotel.

"The combination of a five-star hotel, luxury residences and dining precinct is popular in cities such as Singapore, Hong Kong and New York but until now has not been seen in Australia on this scale," he said.

"There is no peer in Australia for a project of this type and it's going to add a new dimension to the living experience in Brisbane's CBD.

"The design of the building takes its cues from cosmopolitan cities around the world."

Pert says a large part of the design brief involved activating the frontage to Mary Street to attract people and create a destination in its own right.

Construction of the tower is set to begin in early 2016 and an agreement with an international hotel operator is in its final stages. 

Chong, who is based in Brisbane, also owns the neighbouring Four Points by Sheraton and has significant interests in the resources and property sectors.

The project has been designed by Woods Bagot and residences will be marketed by Colliers International.

Mary Lane will comprise a mix of one, two and three-bedroom residences as well as a limited number of penthouses.

The design incorporates separate facilities for residents and guests.

Resident facilities include a level 37 rooftop recreation deck with pool, gymnasium, barbecue and function areas.

The hotel element includes four podium levels with a large, resort style pool with swim up bar, gymnasium, day spa, function space, lobby bar and restaurant.



Latest News

OROTON GOES CLICKS AND BRICKS AS PROFITS SLIDE

TWO former Aussie lawyers have turned their passion for fashion into a $15 million dollar international business six ...

MANTRA'S SHARE PRICE SURGE INDICATES 'SUITORS ARE CIRCLING' THE HOTEL GROUP

THE rumour mill surrounding a high-level takeover of Mantra Group (ASX: MTR) is in full production with its shares su...

MELBOURNE CBD GEMS SELL FOR $17 MILLION, MARKING A NEW PROPERTY HOTSPOT

LITTLE Lonsdale Street in the heart of Melbourne's CBD has become a favourite for investors in 2017, following th...

BRISBANE VFX PRODUCTION COMPANY CLEANS UP AT MAJOR INTERNATIONAL ADVERTISING AWARDS

AUSTRALIAN production company Alt.vfx has broken records in global advertising, becoming the first business to win...

Related News

RAY OF HOPE FOR SLATER AND GORDON AS LENDERS STEP IN

EMBATTLED law firm Slater and Gordon (ASX: SGH) has announced to the ASX that it has launched confidential discussion...

SPROUTX PROVIDES THE SEED FOR AGTECH STARTUPS

AGTECH innovation fund SproutX has opened applications for its first accelerator round, backed by $10 million from...

GAS PRICES MAY FORCE BRICKWORKS TO TAKE MANUFACTURING OVERSEAS

BRICKWORKS Limited (ASX:BKW) chairman Robert Millner says soaring energy prices may force the company to turn to offs...

CHINA CONTINUES TO COLLECT AUSSIE PROPERTY ASSETS

CHINESE coin continues to dominate Australia's offshore real estate investment market, accounting for almost h...

EVENTS COMING UP

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter