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1.Market Observations, 8.Was Sticky

21 July 2017 (TheAge) – City room boom shortage drives new hotels – Melbourne’s hotel – and apartments – approval boom

(21 July 2017, The Age, p6, Ebony Bowden , Clay Lucas)

‘A hotel boom in Melbourne is being driven by a shortage of rooms, a thriving tourism industry, and – according to one prominent city real estate agent – a realisation by developers that the Andrews government will approve towers mixing hotel accommodation with apartments. In the past two years alone, 14 hotels from prestigious chains like the Mandarin Oriental and the Shangri-La have been approved by Planning Minister Richard Wynne.’



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