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CDL Acquires Hotel Osaka Shinsaibashi For JPY 8.5 Billion, Ong Beng Seng’s HPL Gets Provisional Nod For Orchard Road Redevelopment In Singapore, Treehouse Hotel Branches Out To Adelaide’s Market Square, TFE Lands Hotel In New Melbourne Skyscraper.
Article - HVS Asia Pacific Hospitality Newsletter - Week Ending 1 September August 2023 - Weekly Hotel Industry Asia Pacific News Roundup from HVS
Time & Place and MaxCap Group, and Australia's TFE Hotels, will open a $150m boutique hotel in Southbank in September 2025.
Melbourne's inner city, already set to benefit from the $1.7 billion Melbourne Arts Precinct Transformation Project in 2028, will receive another boost to tourism with the announcement that diversified property developer Time & Place, along with joint venture partners MaxCap Group, and Australia's TFE Hotels, will open a $150m boutique hotel in Southbank in September 2025.
Alongside the Broadbeach tower, Melbourne developers APH and Time & Place have secured permits for big Melbourne projects.