CONSTRUCTION of Melbourne’s first Shangri-La Hotel is set to begin following an official ground breaking ceremony earlier this week at the city’s newest multi-purpose complex.
Located at 308 Exhibition Street, the new five-star complex will combine the 62-storey Shangri-La Hotel in a western tower with 300 residential apartments in a 60-storey eastern tower, joined by a Sky Lounge overlooking the Royal Exhibition Building and the surrounding Carlton Gardens.
The $565 million contract will become one of Victoria’s most significant projects over the next three years, with development company SP Setia working closely with Multiplex on the construction.
Shangri-La Asia Limited Chief Executive Officer Lim Beng Chee said demand for five-star accommodation in the city’s precinct made the location ideal.
“We couldn’t have chosen a more strategic and spectacular location to site our hotel and introduce our Asian-inspired hospitality to all visitors once the complex is complete,” he said.
Source: traveldaily