The Expression of Interest for the Darwin Convention Centre Hotel is now open with six international hotel operators already interested in the project.
CBRE commenced market sounding for the investment opportunity last month and so far have received strong interest from both investors and hotel operators, including Accor, EVT, Intercontinental Hotel Group (IHG), Marriott, Radisson Hotel Group and Toga Far East Hotels (TFE).
The EOI is the first step in the competitive market process to secure a private sector proponent to build, own and operate a new hotel integrated with the Darwin Convention Centre.
The Darwin Convention Centre Hotel is expected to offer between 200 – 250 rooms, and provide new, upscale accommodation options for corporate and leisure visitors.
The Convention Centre Hotel development site is on Stokes Hill Road directly adjacent to the Convention Centre and offers spectacular views across Darwin Harbour and the Waterfront. Experienced proponents interested in the opportunity can visit www.invest.nt.gov.au with the EOI open until 31 January.
Quotes attributed to Chief Minister Natasha Fyles:
“The Darwin Convention Centre Hotel has already garnered investor interest. The hotel will be an important development to attract visitors and new business to the Territory as we continue to grow our relationships with our international neighbours.
“The Darwin Convention Centre Hotel is listed in the NT infrastructure plan and pipeline 2022 as one of the key projects that align with the strategy’s investment objectives, in particular, to invest in the right infrastructure, in the right place, at the right time.
“The Territory’s economic position is bouncing back from COVID-19 with investors actively looking for projects to undertake.”
Quotes attributed to CBRE Hotels Director Tom Gibson:
“Darwin has recorded incredible RevPAR growth over the past 12 months leading in Australia’s market recovery, supported by record private and public infrastructure in the region.”
“This will be a highly south after opportunity to delivery and own the markets newest hotel in the heart of Darwin Waterfront Precinct with direct connectivity to the Convention Centre.”