Hyatt Place hotel for Essendon Fields
A 160-room Hyatt Place hotel and conference centre is envisaged for Essendon Airport.
Owners Lindsay Fox and Max Beck are adding the country's first Hyatt-branded business hotel to Melbourne's second terminal.
The Essendon Fields chief executive Chris Cowan told The Australian Financial Review it was intended to meet the needs of business people in the north-west of Melbourne "who have very limited options."
The $60 million investment is the largest project for the airport which originally intended for closure after the opening of Tullamarine.
Essendon Fields, which was privatised in 2001, is a 300-hectare site.
There are also plans for a $20 million hangar project to service the growing private jet market.