We are pleased to announce that we signed the Management Agreements for a new project in the state of Victoria, Australia – the Oakwood Hotel & Apartments Dandenong!
The project is a mixed-used tower which has a residential component and also some retail on the ground floor. The Oakwood will occupy the top half of the building.
The project has just broken ground and the opening date is projected to be Q1 2021.
The project is located at the city centre of Dandenong, one of Melbourne’s leading urban renewal locations, which is south-east from the Melbourne CBD (about 30km away). Dandenong is among Victoria’s oldest metropolitan cities, with an estimated $28 billion economy and possessing one of the largest retail and commercial centres. Dandenong is also responsible for roughly half of Victoria’s total manufacturing output, making it one of Victoria’s leading urban renewal locations.
Guest for this property is expected to consist of both corporate and leisure.
This property gives us a foothold in the Victoria area!