Mandarin promises luxury hotel, residential project in Collins Street

Hong Kong hotelier Mandarin Oriental has beaten other big name hoteliers such as The Peninsula Group and Aman Resorts in the race to open for business in Australia.

The Jardine Matheson Group-backed hotel is putting its stamp on an opulent hotel and residential project to be developed in Melbourne’s heart.

The Asian-controlled hotel group, which operates 29 hotels around the world along with eight residences in 19 countries and territories, has signed a management contract to operate a new luxury hotel and branded residences in Melbourne’s Collins Street.

The 185m tower in Melbourne’s CBD and near the city’s legal district was designed by the late award-winning architect Dame Zaha Hadid.

The hotel will feature 196 rooms and suites as well as 148 Residences at Mandarin ­Oriental, which the hotelier will manage.

On completion in 2023, the residences on the upper floors of the tower will be billed as some of the most luxurious private homes on offer in the southern city, according to a statement.

The developer is the ­Landream Group, which is also developing in a joint venture with Macrolink the Opera Residences in Sydney’s Bennelong Point, as well as apartments in the Sydney suburb of Beecroft.

Meanwhile, Canberra’s Capital Executive Apartment Hotel has been sold to the Madison Hotel Group for an undisclosed sum. Madison partners Brett Morgan and Beverley Clench bought the management rights to the 87-unit apartment hotel on Northbourne Avenue as well as 36 freehold units, which were acquired from the vendor, Stanbritt, over several years.