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

VITA GROUP POSTS STEADY RESULTS DESPITE ROUGH YEAR

IT'S no secret Vita Group (ASX: VTG) has had a testing year, however the company has still managed to deliver ...

KOGAN BREAKS FORECASTS IN ITS FIRST YEAR OF PUBLICLY LISTED TRADE

RAISING the bar high in its first year as a publicly listed company, Kogan.com (ASX: KGN) has smashed its forecast...

CAMPLIFY MOTORS INTO THE UK MARKET

CARAVAN hire and RV sharing community Camplify has made its move in the European market, establishing its first op...

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter