Construction begins on new hotel and event space on Yarra River

Melbourne will see construction begin on a new $500 million development on the Yarra River that includes new accommodation and event spaces.

The Victorian Government has approved Riverlee’s Seafarers mixed-use precinct, which will be home to a 277-room hotel, event venue and meeting spaces, food and beverage offerings and a 3,500sqm public park, known as Seafarers Rest.

Set for completion in 2023, the precinct will mark 1 Hotel brand’s debut in Australia.

“With sustainability and safeguarding the beauty of nature at the core of our brand, we remain fully committed to our global expansion plan, and our partnership with Riverlee and 1 Hotel & Homes Melbourne at Seafarers,” said Arash Azarbarzin, president SH Hotels & Resorts.

“The resilience in the Australian and Melbourne markets gives us great confidence that Melbourne will return stronger than ever and 1 Hotels looks forward to being an organic part of that future growth.”