Ireland Brown has been appointed builder for the $70 million Quest Apartment Hotel development in Geelong.
Quest, in partnership with Pellicano, announced the project, named Quest Geelong Central, and began construction this week at 71-77 Gheringap Street.
The mixed-use development will comprise a mix of 87 studio, one, two and three bedroom apartments, ground-floor dining and retail spaces, a communal gym and conference facilities.
The site, in Geelong CBD, was chosen to capture the growing extended stay corporate travel market in Geelong.
“The Geelong economy is undergoing a structural transition from a manufacturing dominated economy to one driven by tourism and related services,” said Quest General Manager of Growth & Capital Strategy, James Shields.
“We’re forecasting strong growth over the medium to long term given Geelong’s close proximity to Melbourne, growing events schedule and the ongoing gentrification of old industrial spaces.”
On completion of the project, Pellicano will become one of the largest private owners of serviced apartment buildings in Australia.
“At completion, this new property in Geelong will represent the eight projects we have undertaken with Quest, and the sixth Quest Apartment Hotel building we have retained under our ownership with a total of 560 rooms,” said Pellicano managing director Nando Pellicano.
The hotel has been designed by Peddle Thorp and RPC Architects.
Ireland Brown are currently building the $30M Korowa Anglican Girls’ School – Sports and Wellbeing Centre
Construction is expected to be completed in early 2023.
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