Published on 24 May 2016
New research has confirmed the economic potential of Devonport’s LIVING CITY Waterfront Precinct development, in a report tabled at last night’s Council meeting.
The report, prepared by independent global hotel consultancy firm Horwath HTL, confirms there is sufficient demand to support up to 200 rooms at a 3.5-4.0 star standard, as part of the new development.
With Council in the final stages of selecting an architect to prepare concept plans for the LIVING CITY Waterfront Precinct, it is expected that within the next six-nine months that Council will be able to formally seek expressions of interest from hotel developers.
Devonport Mayor, Alderman Steve Martin said “Whilst it is pleasing that we already had interest from hotel developers in the project, the new report and concept plans, once prepared, will enable interested developers to have a closer look at the project and identify if there is a potential ‘fit’ with their own business models”.
The Waterfront Precinct is proposed to feature the hotel as well as new public outdoor spaces, cafes, restaurants and apartments. It is proposed to be delivered as Stage 3 of the LIVING CITY project, following completion of the Stage 1 civic and Stage 2 retail precincts.
Horwath HTL’s report indicates the LIVING CITY hotel development would attract potential corporate, conference and leisure markets.
It recommends the hotel be positioned as an upper mid-market to upmarket offering and incorporate guest facilities like an indoor gym, bar lounge, room service and breakfast room.
“The report also outlined the importance of the hotel’s pricing matching that of potential corporate client budgets and working closely with the LIVING CITY Convention Centre and Food Pavilion operators” said Mayor Martin.