Choice Hotels Asia-Pac has started the year with an aggressive acquisition strategy as it partners with four new-build hotel properties across Australia and New Zealand.
The pipeline of activity will add 431 rooms to the group, with new properties secured across Victoria, Western Australia and Christchurch, New Zealand.
Commenting on the new property growth and the group’s 2018 outlook, Choice Hotels Asia-Pac CEO, Trent Fraser said: “Our goal for 2018 is to see significant growth in our portfolio size and it’s great to start the year with a series of new-build announcements. Our development team also has a significant pipeline of other opportunities across the Asia Pacific that they are pursuing, putting us on target for another successful year.
“Total construction investment from our franchisee partners across these four new build projects alone is estimated to be in excess of $100m, which shows confidence in the local economy, as well as creating jobs through construction and ongoing operation of each property,” added Fraser.
The four new-build hotels span the company’s brand suite and will be completed over the next six months to three years. Due to become the group’s largest property in Australia with 214 rooms when complete, INGOT Hotel Perth, an Ascend Hotel Collection Member will be a great addition to Choice’s growing boutique brand.
Expanding Choice Hotels’ Victorian accommodation offering will be the Quality Hotel Flemington, located close to Flemington Racecourse and comprising 100 rooms, and the Quality Hotel Lakeside Bendigo, located on the picturesque Lake Weeroona Park, featuring 80 rooms, a restaurant and conference space.
