NEWS: Crown’s new Melbourne hotel

Crown Resorts Limited today announced plans to develop a new five-star hotel and apartment complex in Melbourne. The proposed site, on Queensbridge Street, Southbank, is opposite the Crown Melbourne Integrated Resort and controlled by the Schiavello Group. Crown has agreed to an initial investment of $50 million to participate in the joint development of the project with Schiavello. It has been agreed that Crown will own and manage the hotel on completion, while the Schiavello Group will acquire an office and showroom area within the complex. The parties will share ownership […]

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