Starwood announces another 2 MEL hotels



HOTEL operator Starwood Hotels & Resorts has struck a deal with Singapore-listed real estate group Hiap Hoe to run two hotels at luxury properties it is developing in Melbourne that are worth $700 million. The pair have struck a deal under which the group's planned hotel in the Docklands will be run as a Four Points and the hotel component of a project in Lonsdale Street will be run under the Aloft brand.
At Pearl River Road in the Docklands, the Singaporean developer is planning a 17-storey tower with more than 300 rooms and two residential towers, which will together contain 425 apartments.
The company has also set its sights on a hotel development at the Lonsdale Street site, where it intends to build a 350-room hotel and 658 apartments.

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