The Bellarine Peninsula will soon add a new Quest Apartment Hotel to its offering, with the serviced apartment brand breaking ground on a second location in Geelong, to be known as Quest Geelong Central.
Backed by development partner, Pellicano, the new AUD$70 million mixed-use construction will feature 87 apartments configured in studio, one, two and three-bedrooms, along with ground floor dining options and retail spaces. Guests will also be able to make use of facilities including a rooftop fitness centre and meeting facilities.
General Manager of Growth & Capital Strategy at Quest, James Shields, said the potential for long-term growth in the local corporate market made the new development an attractive proposition, particularly as new tourism facilities begin to mature, such as the new Spirit of Tasmania terminal, which opens next year.
“The Geelong economy is undergoing a structural transition from a manufacturing dominated economy to one driven by tourism and related services,” Shields said.
“We’re forecasting strong growth over the medium to long term given Geelong’s close proximity to Melbourne, growing events schedule and the ongoing gentrification of old industrial spaces.”
An official sod turning ceremony at the site was due to take place this week but was cancelled due to Victoria’s circuit-breaker lockdown which is now in its second week.
Managing Director of Pellicano, Nando Pellicano, said he was thrilled to be working on another new project with long-term partner, Quest Apartment Hotels.
“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,” he said.
Construction on Quest Geelong Central is due to be completed in the first quarter of 2023.