Melbourne's strong calendar of events and appeal to international and domestic visitors has ensured that new hotel supply is quickly absorbed by the market.
CBD rate growth is expected to remain strong, with a various new hotels expected to be completed in the short term relative to the demand outlook.
Due to be completed - Late 2019
Number of rooms - 252
Star rating - 4
Developer - UEM Sunrise
Due to be completed - 2020
Number of rooms - 300
Star rating - 4.5
Developer - QIC Global Real Estate
Due to be completed - 2021
Number of rooms - 240
Star rating - 5
Developer - Far East Consortium
Due to be completed - 2023
Number of rooms - 600
Star rating - 5
Developer - OSK
Due to be completed - 2021
Number of rooms - 281
Star rating - 4.5
Developer - Altus Developments
Due to be completed - 2022
Number of rooms - 235
Star rating - 5
Developer - Jinshan Investment Group
Hotel opened - April 2019
Number of rooms - 140
Star rating - 5
Developer - Jonathan Hallinan (BPM)
Hotel opened - March 2018
Number of rooms - 347
Star rating - 4.5
Developer - Action Hotels Group