Hilton’s unsolicited proposal for a $200 million hotel development at City Hill has been knocked back by the ACT government.
In rejecting the bid for a 253-room luxury hotel and a World Trade Technology Centre, the government said the land should be “competed” for.
The proposal, which included a hotel school, “did not progress past stage one”, according to the ACT government website.
“The proposal would bring significant benefits to the ACT economy, including employment, tourism and public amenity,” a government spokeswoman told The Canberra Times.
“However, the government determined that a competitive process is appropriate for the lease of the relevant land and hence not to consider the proposal further under the Guidelines for Unsolicited Proposals.”