HOTEL101 Global Holdings Corp., the Nasdaq-listed hospitality arm of DoubleDragon Corp., said it’ll develop a 766-room condotel project in Melbourne, Australia, which is predicted to be accomplished by 2029.
In an announcement on Tuesday, the corporate said the project is projected to generate about A$323.6 million (P12.6 billion) in total sales revenue once fully sold.
Upon completion, it is predicted to be the biggest hotel in Melbourne, Victoria, by way of room count.
The condotel, to be often known as Hotel101-Melbourne, will likely be positioned in the town’s central business district along Flinders Lane, near Federation Square, Flinders Street Station, the Yarra River, and the Southbank entertainment precinct.
The corporate said the project will offer four-star amenities positioned at reasonably priced price points.
Hotel101 Global said it has signed definitive agreements for the event, which stays subject to the same old approvals from national, regional, and municipal regulators.–Alexandria Grace C. Magno