Quest Apartment Hotels continues its expansion across Australia, after securing the lease terms for its newest property at Pacific Epping Shopping Centre in Melbourne.
The new apartment hotel complex will boast 6,500sqm with 96 rooms, as part of Quest’s continuing growth strategy into metropolitan areas identified to be currently underserviced by new apartment hotel accommodation.
Fronting Cooper Street, the new Quest apartment hotel is positioned to benefit from the surrounding Pacific Epping retail and dining precinct, including an additional 1300sqm of new restaurants, which is rapidly evolving to service one of Melbourne’s fastest growing northern corridors.
The apartment hotel is also located adjacent to the Northern Hospital, as well as in close proximity to Melbourne’s newly opened wholesale fruit and vegetable market in Epping. It is also located within easy access to Tullamarine Airport via the Metropolitan Ring Road.
Quest Apartment Hotels CEO, Zed Sanjana, said: “Quest’s commitment to a new apartment hotel in Epping continues to demonstrate our enduring focus on providing premium accommodation for business travellers where ever they need to be – whether it is outer suburban, inner city or regional locations.
“We are confident Quest Epping will be highly relevant as Melbourne’s outer north rapidly grows as a key place to do business,” he said.
CBRE Hotels’ Senior Director, Scott Callow, negotiated the lease agreement for the development of Quest Apartment Hotels’ newest project on behalf of the Pacific Group and he said the lease agreement highlighted confidence in Melbourne’s hotel market.
“The ongoing strength of the Melbourne hotel market in the CBD and city fringe is flowing into certain key growth corridors, of which Epping and Melbourne’s north are prime examples,” he said.
Pacific Group of Companies’ David Tuckett said: “The centre is undergoing significant growth with additional major retail expansion and the Quest apartment hotel will further enhance Pacific Epping as a destination servicing the fast-growing northern growth corridor.”
The coming 24 months sees an extensive pipeline of new property openings for Quest across Australasia, opening in a further 7 new locations including: Newcastle West (NSW); Eight Mile Plains and Springfield (QLD); Midland and Innaloo (WA); and Traralgon and 478 St Kilda Road (VIC).