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Yarra Valley Set to Receive $120 Million IHG 'Voco' Hotel

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Australia’s premier wine region the Yarra Valley will become home to a new $120 million upscale hotel.

The 170-room accomodation will be operated by global hotel manager IHG under its new Voco brand.

IHG’s hopes to strengthen its offer in the $40 billion upscale hotel segment through its brand, which it expects to grow by a further $20 billion by 2025.

Barnes Capital, headed by director Martyn Barnes, is developing the hotel complex.

The building itself, described as a "quirky design", will stand six-storeys at one end narrowing down to one-storey at the opposite end.

The accommodation will also offer 20 cabins to Yarra Valley visitors.

“As one of Australia’s premier wine regions, the last thing people want when they arrive in Yarra Valley is a vanilla experience,” Barnes said.

The IHG partnership builds upon the $200 million Holiday Inn, designed by architects Hachem, planned for Melbourne’s 737 Sydney Road Coburg.

Related: Mulpha Signs Hotel Operator as Part of $100m Hayman Island Revamp

The Barnes Capital Hotel will sit on a 4.5 hectare site.
The Barnes Capital Hotel will sit on a 4.5 hectare site.Supplied

Barnes Capital is involved with a number of development projects including $55 million "Spectra" at 219 Thomas Street Dandenong, "The Precinct" a mixed commercial and residential offering in Truganina, and a luxury 12-townhouse offering at 878 Bridge Road Doreen.

The Yarra Valley hotel will be built on a large block at 486 Maroondah Highway near Lilydale and will feature a lavender farm, mirrored maze, and amphitheatre.

The announcement marks the first major hotel in the region, famed for its chardonnay and pinot noir, with plans to open to the public in 2021.

IHG Australasia senior development director Abhijay Sandilya said the partnership with Barnes on the Yarra Valley offering marks voco’s second signing.

“It continues IHG’s ambition to take our brands into regional markets, including suburban micro-markets close to Australian capital cities.”

IHG launched the 4.5 star Voco brand in June with the first signing for the brand in Australia.

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Article originally posted at: https://theurbandeveloper.com/articles/yarra-valley-set-to-receive-120m-ihg-voco-hotel