Planning approval for NewQuay hotel

Singaporean developer Hiap Hoe has received planning approval to develop a hotel on the NewQuay site it purchased from MAB Corporation last year.

The company has also entered into an agreement with Starwood Hotels & Resorts Worldwide to manage the hotel under the name Four Points by Sheraton, Melbourne, Docklands.

Interestingly, Sheraton had originally been connected with Digital Harbour’s The Altus development.

Digital Harbour director David Napier said the deal with Sheraton fell through because an agreement on the management terms and conditions could not be reached.

Pan Pacific Hotels Group has since been named as manager of the hotel component of the building under its PARKROYAL brand.

Hiap Hoe’s seven-storey hotel will comprise 269 rooms and is part of a 3795 sqm site Hiap Hoe purchased for $28.8 million last year.

Alongside the hotel, Hiap Hoe plans to build a 43-storey residential building and a 36-storey residential building, naming the mixed-use development Marina Tower.