Hotel market rising with global investors setting sights on the Darwin Convention Centre Hotel
Darwin’s hotels market continues to outperform the national average, with 2022 recording a 43.6% revenue per available room uplift compared to 2021.
This comes off the back of a competitive expressions of interest (EOI) process for the Darwin Convention Centre Hotel closing.
Very strong interest was received from domestic and international investors, including numerous global hotel operators.
Global operators who expressed interest in the opportunity included Marriott, Accor, TFE, IHG, Radisson and Event.
The Darwin Convention Centre Hotel is expected to offer between 200 to 250 rooms and provide new, upscale accommodation options for corporate and leisure visitors.
It will be located on Stokes Hill Road, directly adjacent to the Convention Centre, and offers spectacular views across Darwin Harbour and the Waterfront.
A total of 10 EOIs were lodged during the process, which opened in November and recently closed.
The EOI, facilitated by CBRE Hotels, was the first step in the competitive market process to secure a private sector proponent to build, own and operate a new hotel which will be integrated with the Darwin Convention Centre.
The Territory Government will now evaluate the EOIs with a view to shortlist proponents who will be invited to a request for proposals phase (RFP), where they will submit more detailed information on their proposals. At the conclusion of the RFP the Northern Territory Government will select a preferred proponent to undertake the project.