PUNTHILL Apartment Hotels is set to develop its first Australian property under the ownership of Veriu Hotels & Suites with the signing of the Punthill Alphington in Melbourne’s inner north-east.
The property will form part of the wider Village Alphington precinct, a mixed-used development that will include a retail centre, supermarket, village square, school, commercial office tower, three residential towers and the 79-key apartment hotel.
Slated to open in 2020, the Punthill Alphington is a 20-minute drive from the Melbourne central business district and will offer a range of fully furnished and self-contained apartments including studio, one-, two-, and three-bedroom apartments all with kitchens, as well as an on-site conference centre, gym and other amenities.
Veriu Group Chief Executive Officer Zed Sanjana said the deal marked the beginning of the group’s plans for significant expansion of its Veriu and Punthill portfolios throughout Australia.
“Punthill Alphington is the first of a number of new hotel announcements that we expect to make over the coming six months, with a further three greenfield projects set to be announced in Melbourne alone,” Sanjana said.
Construction of the new Apartment Hotel property is set to commence mid-2019.
Source: traveldaily