The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
LESS THAN 30 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
4 WEEKS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
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
RetailStaff WriterTue 21 Nov 17

Developer Joins with International Hotel Operator for Geelong Hotel

holidayinn

A newly announced joint venture worth $200 million is set to end a 20-year hotel development drought in Geelong.

Hotel operator IHG and Franzé Developments have entered into 20-year management agreement to open and operate the "Holiday Inn and Suites Geelong", the largest hotel in the regional city.

Opening in 2020, the 190-room property will be the first new hotel in Geelong in more than twenty years.

Franzé Developments founder and managing director Paul Franzé acquired the44 Ryrie Street site in April for $7 million.

Franzé said he was excited to partner with IHG as the companies moved into the hotel development space.

“Geelong welcomes around 2.2 million overnight visitors annually, but is dramatically underrepresented by quality hotels.

“With a prime CBD location in close proximity to the station, hospital, university, offices and government entities, I am confident that Holiday Inn and Suites Geelong is going to be a story of success.”

The hotel will boast an all-day dining restaurant and bar, swimming pool, gym, parking and a 300sq m of meeting facilities including a function room for 250 people.

It will also provide a "suites" offering, with 40 suites intended for the longer stay market.

Franzé Developments flagged plans to build Geelong’s largest mixed-use development in April, lodging plans for a $150 million to $200 million mixed-use development that will include the hotel, serviced apartments and office and retail space.
IHG currently has 47 hotels operating under four brands across Australasia: InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Holiday Inn Hotels & Resorts and Holiday Inn Express with a further 15 in the pipeline including Hotel Indigo and EVEN Hotels.

HotelAustraliaConstructionArchitecturePlanningLegalPlanningSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
Exclusive

Fortis Reveals Plans for Coveted Bowen Terrace Site

Taryn Paris
4 Min
Exclusive

Accor Deputy Delivers Verdict on Brisbane Games Hotel Shortfall

Phil Bartsch
6 Min
View All >
The City of Melbourne has opted to keep Greenline in the 2025-26 Budget.
Policy

Melbourne Budget Puts Paid to Greenline Future Fears

Marisa Wikramanayake
Residential

Consolidated Reveals Next Riverfront Play in $64m Deal

Leon Della Bosca AND Taryn Paris
Deicorp Five Dock Mixed-Use Precinct
Residential

Deicorp’s $1.8bn Inner-West Sydney Precinct Greenlit

Vanessa Croll
Kings Bay Village in Five Dock has become the first private project to advance under NSW's Parramatta Road renewal strat…
LATEST
The City of Melbourne has opted to keep Greenline in the 2025-26 Budget.
Policy

Melbourne Budget Puts Paid to Greenline Future Fears

Marisa Wikramanayake
4 Min
Residential

Consolidated Reveals Next Riverfront Play in $64m Deal

Leon Della Bosca AND Taryn Paris
3 Min
Deicorp Five Dock Mixed-Use Precinct
Residential

Deicorp’s $1.8bn Inner-West Sydney Precinct Greenlit

Vanessa Croll
3 Min
Old Canberra Brickworks Yarralumla
Development

Doma Ready to Begin 380-Home ACT Brickworks Scheme

Leon Della Bosca
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/new-2020-agreement-open-geelongs-first-hotel-two-decades