Kerry Stokes' Flagship To Develop $300 Million Melbourne Hotel


Kerry Stokes-backed Flagship Property Holdings has been appointed by Plenary Group to develop a new hotel as part of the $300 million expansion of the Melbourne Convention and Exhibition Centre (MCEC) and South Wharf Precinct.

Flagship will combine with Plenary and builder Probuild to construct the 331-room, four star hotel, which will rise 20 storeys above a six-level car park. The hotel will form part of the broader expansion of MCEC where preliminary works formally commenced this week.

Steve Wise, CEO of Flagship Property Holdings, said he is delighted to partner with Plenary Group, Probuild and architects Woods Bagot and NH Architecture on the project.

“Flagship Property Holdings has rapidly developed a reputation for delivering quality award-winning projects, so we’re thrilled to be involved in another major development,” said Mr Wise. “This builds on the previous success of the partnership between Flagship and Plenary on the Hilton Melbourne South Wharf hotel, developed as part of the Melbourne Convention Centre and South Wharf DFO Retail Precinct.


Flahship Property Holdings CEO Steve Wise[/caption]“The MCEC is one of Australasia’s leading conference centres, so we’re excited to be given the opportunity to develop the new hotel in conjunction with our project partners as part of the Centre’s broader expansion.

“We’re now looking forward to progressing plans and commencing on-site works for the new hotel, which is going to play a key role in helping MCEC attract even larger and more diverse events to the city.”

The Yarra River strip a development hub with James Packer’s Crown also unveiling plans for a $1.7 billion hotel and apartment complex.

Crown’s 90-level Queensbridge Hotel Tower would include a 388-room hotel and Flagship is also focused on the hotel project at the convention centre and will be Plenary’s development partner on the new, as yet unbranded hotel.

MCEC Internal[/caption]Mr Wise said the hotel is due to be completed, with the rest of the MCEC expansion, in the first half of 2018.


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