The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FIRST RELEASE TICKETS ON SALE FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FIRST TICKETS ON SALE FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
SEE DETAILSDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
Clare BurnettFri 08 Dec 23

Hotel-to-Home Conversion Planned for Darwin CBD

Mantra Hotel Darwin EDM

Plans have been filed to convert a Darwin CBD hotel into homes.

The Darwin Esplanade Central Apartment Hotel stands nine storeys at 88-90 Esplanade and comprises 58 one-bedroom and 85 two-bedroom units.

It offers a mix of hotel rooms and serviced apartments, the latter of which were privately owned. 

Under the application, all rooms would be converted to private homes. 

The site, formerly Mantra on the Esplanade, has restaurant and ground-floor commercial units, which would not be affected by the plan.

According to CBRE, Darwin has been among the “standout performers exceeding pre-pandemic occupancy” as it benefitted from domestic visitors, however, it is also lagging with lower recovery rates of international arrivals.

There has been no new hotel supply in Darwin for several years and none are under construction, although there are proposals for Quest Darwin and the 120-key Northern Hotel on Peary Street.

CBRE said it expected short-term heightened construction costs to act as a “major barrier” to entry in the Darwin market.

AUTHOR
Clare Burnett
More articles by this author
ADVERTISEMENT
TOP STORIES
PGIM Real Estate Reimagines 444 queen street to 450 queen street brisbane
Exclusive

Coming, Ready or Not: Relic Stripped to Bone for Green Glow-Up

Renee McKeown
5 Min
Darwin has sat dormant for a decade but the resource rich territory is “on the threshold” of a boom for resources and new cities. Weddel and Palmerston
Exclusive

NT Eyes Looming Boom as Planning Commissioner Bows Out

Renee McKeown
5 Min
Exclusive

Gold Coast’s Greatest Moments Yet to Come: Evan Raptis

Phil Bartsch
7 Min
MODEL founder Rory Hunter HERO
Exclusive

‘It’s Massive’: On Mission to Prove BtR Green Equals Gold

Leon Della Bosca
8 Min
Potts Point Coliving EDM
Exclusive

Co-Living Shrugs Off Stigma as Overseas Money Moves In

Clare Burnett
6 Min
View All >
Build-to-Rent

Townsville’s First BtR Project Wins Green Light

Taryn Paris
Cavill Lane HERO
Retail

Surfers Paradise Retail Asset Changes Hands for $31m

Leon Della Bosca
Office

A-Grade Perth Office Tower Comes to Market

Lindsay Saunders
The listing of the 20-storey asset at Elizabeth Quay comes as the WA capital’s office sector continues to surge...
LATEST
Build-to-Rent

Townsville’s First BtR Project Wins Green Light

Taryn Paris
2 Min
Cavill Lane HERO
Retail

Surfers Paradise Retail Asset Changes Hands for $31m

Leon Della Bosca
3 Min
Office

A-Grade Perth Office Tower Comes to Market

Lindsay Saunders
2 Min
Main Beach Odus Ari Tower Site Deal hero
Residential

Odus Doubles Down in $55m Main Beach Tower Site Deal

Phil Bartsch
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/hotel-to-home-conversion-planned-for-darwin-cbd