The Devonport City Council has welcomed the announcement by local developer Fairbrother that work will begin this week on its $40 million Waterfront Hotel.
Fairbrother has signed a freehold arrangement with the Singapore-based Fragrance Group to build the hotel on the corner of Best and Rooke Streets.
Mayor Annette Rockliff said she was delighted that Fairbrother had finally reached an agreement which would enable work to commence.
“It has taken some time, but Council has always understood that private investment projects of this magnitude do require extra time for all the elements to be put into place and Council congratulates Fairbrother for achieving this milestone,” she said.
“The Waterfront Hotel has always been a key part of the LIVING CITY master plan adopted in 2014 and will be a real driver for economic growth in our city.
“Whilst Council has been required to do the heavy lifting with Stage 1, LIVING CITY has always been about unlocking this sort of private investment. To secure a major international hotel developer such as the Fragrance Group will open up many new and exciting opportunities for our city.’’
“Council is pleased to hear the Fragrance Group is focused on a 4.5-star brand, as there is an obvious gap in the market for this level of accommodation on the Coast.”
Cr Rockliff said the company had kept Council in the loop throughout its discussions.
“Council was always confident that the project was going to come to fruition, and it will be great to see work beginning in earnest shortly.”
Nigel Tapp |Media & Communications Officer |Devonport City Council
03 6424 0562 | 0427 132 972 |firstname.lastname@example.org