‘Vote of confidence’ with two new hotels for Melbourne

The 211-room Nesuto Docklands Apartment Hotel is slated to open in 2023.

A new $100 million new build hotel in Melbourne’s The District Docklands precinct is slated to open in early 2023, while IMG Investments Australia are planning to build a 380-room hotel in a restored 104-year-old warehouse in Melbourne’s Southbank.

The 211-room Nesuto Docklands Apartment Hotel adds to Nesuto’s existing portfolio of 11 operating and 1 pipeline hotel and apartment hotels in Australia and New Zealand.

“The signing of Nesuto Docklands and our new partnership is an exciting milestone for us, particularly given the current environment and market conditions,” said Mark Ronfeldt, CEO of Daiwa Living Nesuto.

“Nesuto Docklands, located at 80 Waterfront Way, is testament to that approach. Our unique hotel and apartment hotel model allowed us to completely tailor our approach to the development and deliver a property which will service the variety of needs of the mixed-use precinct.”

George Karabatsos, CEO of The District Docklands, said the addition of Nesuto Apartment Hotel forms part of its long-term vision to create a modern urban village at The District Docklands.

“The welcomed partnership adds another layer to our expanding community hub where people can live, work and play all in the one place and is another vote of confidence from a strong accommodation player in support of our long-term strategy of the broader precinct,” he said.