Well Smart Investment Holdings

New Ibis and Novotel hotels for Melbourne's CBD

Recall last year that Urban Melbourne ran dual pieces highlighting the forthcoming wave of 5,000 plus new hotel suites located within City of Melbourne. With the majority of those rooms in planning at the time, these new suites were predominantly located within large scale mixed-use towers championed by developers with Asian-based expertise and finance. All indicators since have suggested inner Melbourne is suffering from a shortage of hotel...