MANTRA'S $140M DOCKLANDS SEASONING

Written on the 13 August 2015

MANTRA'S $140M DOCKLANDS SEASONING DOCKLANDS is a step closer to welcoming another five-star high-flyer to its skyline.

Mantra Group (ASX: MTR) has at last revealed the room prototype for the waterfront's first five-star hotel, Peppers Docklands Melbourne (pictured right).

The hotel is the centrepiece of the 19-level M Docklands development which is being undertaken by Capital Alliance Investment, on track to open early 2016.

The development is costing $140 million, up $40 million from its annnouncement in 2013, and will include 87 hotel suits, 186 residential apartments and 11 retail shops.

Mantra Group CEO Bob East says Docklands is ripe for the luxury Peppers brand to take its shore.

"Docklands is in need of a sophisticated hotel product to cater to an increasingly selective global market that is looking for quality, location and facilities of a world class calibre," says East.

"Peppers Docklands has this, and will set a benchmark for future mixed-use developments in Australia."

Founder and managing director of Capital Alliance, Mohan Du, says the details of the development are on trend.

"Docklands offers world class facilities and attractions with demand for hotels projected to increase significantly; this growing demand is behind the re-emerging trend from developers to incorporate hotels into their projects," says Du.

Peppers Docklands will join 10 Mantra apartment hotels in Melbourne CBD and the airport.
 

Latest News

SPOTLESS REJECTS DOWNER'S 'HOSTILE' $1.2B BID AS IT PROMISES A STRATEGY RESET

CLEANING and catering services company Spotless has rejected a $1.26 billion takeover bid from mining services firm D...

EXCLUSIVE INTERVIEW: MEGAPORT CEO VINCENT ENGLISH ON GLOBAL EXPANSION AND HOW TO SCALE UP A BUSINESS

THE RAPID expansion of Megaport (ASX: MP1) continues with the Brisbane-based company announcing a major partnership d...

BRISBANE ENTREPRENEUR BREAKS BARRIERS IN ECO-BUSINESS

TRACEY Bailey believes that if every person understood the true social and environmental cost of every product the...

DOMINO'S PIZZA EMPLOYEES OFFERED A SLICE OF THE PIE

DOMINO'S Pizza (ASX: DMP) has launched an employee share acquisition plan which will give its 26,000 staff the...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

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