Work begins on Melbourne’s first Shangri-La hotel
Work has begun on Melbourne’s Sapphire By The Gardens development, which will include the city’s first Shangri-La hotel.
Located at 308 Exhibition Street, developer S P Setia is building two towers, with the tallest, at 62 storeys, housing Melbourne’s newest five-star hotel. The two towers will be joined by a Sky Lounge on level 46 overlooking the Royal Exhibition Building and its surrounding Carlton Gardens.
The $565 million build contract to deliver the development was recently awarded to Multiplex.
Shangri-La Asia CEO Lim Beng Chee said that high demand for five-star accommodation in this thriving commercial and tourist precinct, coupled with strong hotel occupancy rates, made this location the perfect-fit to launch Shangri-La’s first Victorian offering.
“Melbourne is one of Australia’s top business and tourism cities and we are pleased to partner SP Setia for our expansion in the city,” he said.
“Shangri-La Hotel, Melbourne will be part of an iconic building complex within walking distance of diverse offerings including vibrant retail and dining hubs, as well as cultural and theatre attractions. We couldn’t have chosen a more strategic and spectacular location to site our hotel and to introduce our Asian-inspired hospitality to all visitors once the complex is completed.”
Construction is expected to take three years.
Sheridan Randall, 17th October 2018
