Brand New Lifestyle Hotel to Hit the Market in South Yarra

The Melbourne Luxury Hotel market is out-performing virtually all other markets in Australia, driven by record international and domestic tourist numbers, with significant further domestic and international inbound growth forecast, according to Tourism Research Australia (TRA).

In light of this, established Melbourne developer Argo Group has exclusively appointed Savills to market the turnkey opportunity of a brand new 93-room lifestyle hotel situated at 230 Toorak Road, South Yarra, one of Melbourne’s oldest and most affluent inner-city suburbs. The opportunity enjoys the rare benefit of an approved Planning Permit, with opening of the hotel proposed for mid-2019.

The Hotel is ideally positioned in the heart of the bustling suburb of South Yarra, on Toorak Road, at its intersection with the famous retail and leisure district of Chapel Street.

Designed by award-winning architects Woods Bagot, the lifestyle hotel will feature 93 luxuriously appointed, spacious hotel rooms ranging in size from 26sq m to 32sq m across ground and six levels, as well as a signature ground floor bar and restaurant.

Delivery of the Hotel will be overseen by experienced project managers Construction Assignments, who have overseen numerous leading hotel projects across Australia, with leading Melbourne based construction firm Hickory being retained to build the hotel.

Michael Simpson and Tom Shadbolt of Savills Hotels are marketing the property. They said this is an outstanding opportunity to acquire a highly coveted freehold title to a new lifestyle hotel that will outshine its rivals in design, technological advancement and customer experience.

According to Michael Simpson, Managing Director of Hotels at Savills Australia said “Melbourne has been independently voted as the world’s most liveable city for seven consecutive years. Combine this with a global reputation for design, fine dining, retail and leisure and the City has propelled itself to a ‘must-go’ destination for international travellers.

“Argo Group is offering to market an exclusive opportunity to gain exposure to Australia’s most desirable, most tightly held and most coveted hotel market, and the flexibility to appoint a preferred hotel operator with control over branding, market positioning and management terms.

“The design-led boutique Hotel will immediately appeal to discerning customers seeking high quality accommodation in the lively South Yarra district,” he continued.

The campaign is being offered via an Expressions of Interest campaign closing on Friday 8 December 2017.