Hyatt Hotels has announced that a Hyatt affiliate has entered into a management agreement with PEC Portfolio Springvale Pty Ltd. for a 200-key Hyatt Place hotel in Melbourne, Australia.

The Hyatt Place brand is rooted in extensive consumer insights indicating that guests seek stylish, comfortable, seamless experiences that accommodate their lifestyles and familiar routines. To embody this, the brand offers casual hospitality and purposeful service in a smartly designed, high-tech and contemporary environment.

“We are delighted to expand the Hyatt Place brand in Melbourne, the second largest city Australia,” said Asia Pacific Group President David Udell, Hyatt Hotels Corporation. “The hotel will mark the tenth Hyatt-branded hotel in Australia and it will be a great addition to Hyatt’s brand footprint in Melbourne, which includes Park Hyatt Melbourne, Grand Hyatt Melbourne, Hyatt Place Melbourne Essendon Fields, and a recently announced Hyatt Centric hotel in Melbourne.” 

Hyatt Place Melbourne Springvale will boast a prominent location at the intersection of Springvale and Dandenong Roads in the heart of the Monash Employment and Innovation Cluster, which is home to a number of academic institutions, businesses and medical facilities. Hyatt Place Melbourne Springvale will become the second Hyatt Place hotel in Australia upon its expected opening in 2020.

The hotel will be developed by PE Capital, one of the leading boutique investment management firms in Australia, and will form part of a mixed-used complex, which will also include co-working facilities and retail stores.

“With a talented workforce and a growing diversity of institutions and industries, the Monash Cluster continues to make significant contributions to the Victorian economy. We believe the new complex will offer unique business and leisure experience for both local and international guests,” said Martyn Barnes of PE Capital. “We are thrilled to collaborate with Hyatt to further cultivate the Monash Cluster into a top modern business destination and support the national economy. Hyatt Place Melbourne Springvale will provide thoughtful service, providing both business and leisure travelers with an optimal choice while visiting the city.”

PE Capital is an Australian alternative asset manager focused on property and enterprise investments. Established in 2015, PE Capital now has over A $250MM in projects under management. PE Capital undertakes mixed commercial property developments. These developments involve the transformation of greenfield sites into fully developed commercial properties. Typically, these would include: local infrastructure, health, education and hospitality and tourism projects.

Click here to view the PE Capital website.

See also:

Hyatt Centric hotel coming to Melbourne in 2020

First clean energy investment in Australia's hotel sector

Perth's new $3.8bn Belmont Park redevelopment underway