At least five new hotels will open in Melbourne over the next few years, among them two Hyatt Hotels and three from InterContinental Hotels Group (IHG).
Firstly, Hyatt has entered into into a management agreement with PEC Portfolio Springvale for a 200-key Hyatt Place hotel. The hotel will form part of a mixed-used complex, which will also include co-working facilities and retail stores.
Hyatt Place Melbourne Springvale will be located at the intersection of Springvale and Dandenong Roads in the heart of the Monash Employment and Innovation Cluster, which is home to a number of academic institutions, businesses and medical facilities. It will become the second Hyatt Place hotel in Australia upon its expected opening in 2020.