Top Investments & Events in Melbourne 2019 Top Investment & Events in Melbourne 2019 | Page 7

natural to join forces on our first project in Australia in Melbourne, one of the country’s most
cosmopolitan and urbanised cities,” said Jason Chong, CEO, Cornerstone Partners Group.
3. Marriott Unveils Upcoming Australian Hotel Mega-
Developments And one is in Melbourne
According to Marriott International’s quarterly hotel development update for the Australia
Pacific region, 2017 was a year of great advancement for establishing a new development
presence in Sydney and signing a record 1780 new hotel rooms in the region.
“2018 will be a year of similar growth, with favourable market conditions continuing to energise
the hotel investment community,” wrote Richard Crawford, Senior Director of Development
Australia, New Zealand, and Pacific.
“This would be welcome news to our Chairman, JW Marriott Jnr, who I had the pleasure of
meeting in the US recently, as I am reminded of his sage advice that ‘success is never final’.”
THE WESTIN PERTH
Location: 480 Hay Street, Perth Owner: BGC Guest Rooms: 368 Opening: Q2 2018 Summary: The
large-scale Westin Perth is centrally located in the heart of Perth’s CBD and will be the first Westin
branded hotel to open in Australia since the landmark Sydney and Melbourne properties opened
more than a decade ago.