Property News · July 25, 2017

Asian investment drives Melbourne’s hotel industry boom


A hotel industry boom in Melbourne, the capital and most populous city of Australian state of Victory, is being driven by investment from Asia, according to officials and property consultants.
The Victorian government has approved a spate of new hotels across Melbourne in the last two years, including the upmarket Shangri-La and Mandarin Oriental hotels .
Overall, more than 8,050 hotel rooms have been approved in Melbourne with a vast majority of the new buildings to also comprise residential…

Source : South China Morning Post
Read more…Asian investment drives Melbourne’s hotel industry boom

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