Courtyard by Marriott, part of Marriott International (NASDAQ: MAR), announced the signing of agreements with Suleman Group for two new hotel developments coming to Melbourne’s outer suburbs. The hotels are expected to open in December 2023 and December 2024.
Located within 25km of the city, Mulgrave (south) and Truganina (west) are both rapidly expanding metropolitan centres that possess a broad range of growing demand drivers for visitor accommodation.
Offering smart and easy amenities and services, Courtyard by Marriott hotels enable ambitious travellers to succeed through an environment that inspires creativity and fosters connections.
“Despite the challenges faced by our industry, 2020 has been a record year of hotel signings for Marriott International in the Australia Pacific region, demonstrating investor’s confidence in the hotel industry’s prospects of success beyond this year,” said Richard Crawford, Senior Director of Hotel Development for Marriott International.
“We know that our guest profile will change, and we are already seeing the rewards of pivoting our focus to local markets. Our new Mulgrave and Truganina hotels will benefit from these efforts as they both exist within localized commercial ecosystems and will have a reliance on intrastate and interstate guests.”
A classic moderately-priced option for business and leisure travellers, the two new hotels from the property development arm of Suleman Group, will be the first for the Courtyard by Marriott brand outside of the Victorian capital, with Marriott’s first Courtyard hotel due to open in West Melbourne next year.
Designed by leading architecture and interiors firm WMK, the two new properties will be Suleman Group’s first foray in hotel investment and development. Their current property portfolio includes a number of office investments, neighbourhood activity centres, residential greenfield land development, a Collins Street office holding in Melbourne’s CBD, plus other substantial land holdings in the greater Melbourne area.
Courtyard by Marriott Melbourne, Mulgrave will comprise a total 212 guest rooms (a mix of studio, king and dual keys options), an all-day dining restaurant, lobby lounge, ‘grab and go’ café and fitness centre with sauna and steam rooms for guests to unwind. On the doorstep to Monash University and with convenient transport connections, the hotel will also feature 510sqm of flexible conference meeting space.
“We have always employed a steadfast, counter-cyclical approach to our investment mandate, and see these hotel assets contribute to the family’s diversified asset investment portfolio. Our investment in Courtyard by Marriott Melbourne, Mulgrave will see the delivery of a high-quality landmark hotel on Wellington Road, to support the wider Monash employment precinct. We are proud to partner with Marriott International to expand our property portfolio in the hotel industry for the first time,” said Sam Suleman, CEO of Suleman Group.
Courtyard by Marriott Melbourne, Truganina will comprise 141 guest rooms, an all-day dining restaurant, lobby lounge, ‘grab and go’ café and rooftop bar. Close to a major distribution hub, the hotel will also feature a fitness centre and 331sqm of flexible meeting space.
“The signing of Courtyard by Marriott hotels in Mulgrave and Truganina reflects Marriott International’s commitment to expand our footprint into growth corridors outside of Australian capital cities,” added Sean Hunt, Area Vice President, Marriott International.
“Sharing similar values of attaining the highest standards in hospitality, Marriott International is proud to play a strategic role in Suleman Group’s vision of expanding its property portfolio in the hospitality industry.”