Australia: Construction has started on Quest Geelong Central, Quest’s second location in the Melbourne suburb.
Quest’s development partner Pellicano broke ground on June 3rd for the 87-key aparthotel, which will sit in a mixed-use development valued at $70 million. The project is predicted to be completed in Q1 of 2023.
The property was designed by Peddle Thorp and RPC Architects, and the builder will be Ireland Brown. It will have a mix of units, ranging from studio to three-bedroom apartments. Quest Geelong Central will also include other facilities, such as dining and retail spaces, a rooftop gym, and conference spaces.
The location in Geelong was chosen strategically, as Geelong has seen an influx in travel in recent years, specifically in extended stay business travel, and is predicted to continue to grow, according to REMPLAN. With upgrades to both air and rail travel stations in Geelong coming soon, Quest officials are optimistic about a continued increase in travel.
James Shields, general manager of growth and capital strategy at Quest, said: “The Geelong economy is undergoing a structural transition from a manufacturing dominated economy to one driven by tourism and related service.”
Once this property is complete, Pellicano will become one of Australia’s largest private owners of serviced apartment buildings. Nando Pellicano, managing director of Pellicano, says he is proud of Pellicano’s long-term relationship with Quest: “At completion, this new property in Geelong will represent the eight projects we have undertaken with Quest, and the sixth Quest Apartment Hotel building we have retained under our ownership with a total of 560 rooms.”
