Here are the top five hotel construction projects that commenced in Australia in Q1 2022, according to GlobalData’s construction projects database.
1. Seafarers Place Mixed-Use Development – $387m
The project involves the construction of a 20-story, 13,200m2 mixed-use complex in Melbourne, Victoria.
Construction work started in Q1 2022 and is expected to be completed in Q2 2024.
The project aims to provide better residential, hospitality, and retail facilities in the region. It will create 1,023 construction jobs and 680 jobs upon completion.
2. Docklands Marvel Stadium Redevelopment – $146m
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By GlobalDataThe project involves the redevelopment of a stadium in Melbourne, Victoria.
Construction work commenced in Q1 2022 and is expected to finish in Q2 2023.
The project aims to renovate the existing stadium, with better seating and leisure facilities.
3. Oria Spring Hill Development – $50m
The project involves the construction of a mixed-use complex comprising two 15-story towers on 0.34ha of land in Spring Hill, Queensland.
Construction work started in Q1 2022 and is forecast to complete in Q3 2024.
The project aims to provide better residential and hotel facilities in the region.
4. Russell Place Hotel – $47m
The project involves the construction of a 14-story, 189 rooms hotel in Melbourne, Victoria.
Construction work commenced in Q1 2022 and is expected to be completed in Q4 2023.
The project aims to provide better hospitality facilities in the region.
5. Southern Ocean Lodge Redevelopment – $37m
The project involves the redevelopment of the lodge comprising 21 luxury suites at Kingscote, South Australia.
Construction work started in Q1 2022 and is expected to be completed in Q2 2023.
The project aims to redevelop the lodge which was destroyed due to bushfires in January 2020.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.