Oakwood Premier Melbourne will open in the first quarter of 2022
In great news for business travellers, tourists to Melbourne and keen investors looking for an address in what is set to be one of Melbourne's most sought-after new accommodation / office / dining and retail hub, Oakwood® - a wholly-owned subsidiary of Mapletree Investments - is moving into the luxury hotel and serviced apartments segment in Australia, with the signing of Oakwood Premier Melbourne.
The signing follows the recent announcement of Oakwood Hotel & Apartments Dandenong in April 2019 and is confirmation of Oakwood's commitment to expansion in the Australian property market. The location within the dynamic new Fishermans Bend area - currently billed as Australia's largest urban renewal project - is reinforcement of the potential and long-term vision this riverside address offers. By recognising these possibilities and enticing business leaders and entrepreneurs to access quality short and long-stay accommodation options, Oakwoood's launch is an investment in supporting Melbourne's residential and professional community to thrive.
Oakwood Premier Melbourne, in a premium position within a newly developed 40-storey tower, is scheduled to open in the first quarter of 2022. With 154 hotel rooms catering to transient, short-stay travellers, the development will also feature a range of 238 studio, one- and two-bedroom apartments, sized from 35 to 65 square metres, to offer spacious comfort for guests looking for mid-to long-term lifestyle solutions in the Melbourne city precinct.
The project is a timely one and reflects the evolving needs of a very contemporary workforce. As numbers of independent contractors, freelancers and small business owners blossom in the vibrant new gig economy, the need for friendly, secure accommodation options, complete with all the professional facilities a working traveller requires, is creating a demand for a holistic approach to hotel and serviced apartment accommodation.
Dean Schreiber, interim Chief Executive Officer of Oakwood and Managing Director of Oakwood Asia Pacific, sees Oakwood Premier as ideal for C-suite executives, well-established business owners and distinguished travellers.
"Defined by its uncompromising, tailored service standards and prime downtown address, we are extremely proud to have the opportunity to introduce this luxury product to Melbourne's prestigious Southbank Promenade," he said.
Proposed facilities within Oakwood Premier Melbourne include an all-day dining restaurant, meeting venues, a lobby bar and fitness centre, as well as boutique retail spaces, while Sky Bar Melbourne, a sky lounge offering spectacular views of the city, is sure to become one of the city's most desirable venues for drinks and conversation.
The location on the southern banks of the Yarra River is a strategic choice to place Oakwood Premier Melbourne in close proximity to prestigious corporate office buildings and key international and regional financial institutions, as well as the Melbourne Convention Centre. Tourists and corporate travellers keen to explore the city will find the Crown Casino and Entertainment Complex, SEA LIFE Aquarium and the National Gallery of Victoria just a short walk away.
In collaboration with Prime Square, a leading advisory firm dedicated to the hospitality industry, Oakwood was selected as the operator of choice by Prime Square's client, Yarra Hotel Group, to deliver on the Oakwood experience and superior returns on investment. "It is a great honour for us to plant the Oakwood flag on a splendid property in this prime location, and we look forward to helping the owning company take it to great heights," added Schreiber.
About Oakwood®
Oakwood®, a wholly owned subsidiary of Mapletree Investments, is the leading global accommodation solutions provider helping businesses and individual travelers be anywhere they need to be. With an extensive and flexible selection of move-in ready furnished and serviced apartments, Oakwood has enabled thousands of companies to expand their reach to more customers and markets. The award-winning company continues investing in its exclusive and growing portfolio of Oakwood-branded properties throughout the Americas, EMEA (Europe, the Middle East and Africa) and APAC (Asia Pacific) offering travelers a broad range of accommodation options from apartments with luxurious style and full amenities to sensible accommodations with modern essentials.
