Here are Asia Pacific’s five largest hotel construction projects that were initiated in Q1 2022, according to GlobalData’s construction projects database.
1. Cap Padaran Mui Dinh – $1,000m
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The project involves the construction of a hotel and resort complex on 800ha of land in Mui Dinh, Ninh Thuan, Vietnam.
Construction work started in Q1 2022 and is expected to be completed in Q4 2025.
The project aims to enhance the hospitality, leisure, and commercial facilities in the region.
2. Seafarers Place Mixed-Use Development – $387m
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By GlobalDataThe project involves the construction of a 20-story, 13,200m2 mixed-use complex in Melbourne, Victoria, Australia.
Construction work commenced in Q1 2022 and is expected to finish in Q2 2024.
The project aims to provide better residential, hospitality, and retail facilities in the region. It will create 1,023 construction jobs and 680 jobs upon completion.
3. Docklands Marvel Stadium Redevelopment – $146m
The project involves the redevelopment of a stadium in Melbourne, Victoria, Australia.
Construction work started in Q1 2022 and is forecast to complete in Q2 2023.
The project aims to renovate the existing stadium, with better seating and leisure facilities.
4. Oria Spring Hill Development – $50m
The project involves the construction of a mixed-use complex comprising two 15-story towers on 0.34ha of land in Spring Hill, Queensland, Australia.
Construction work commenced in Q1 2022 and is expected to be completed in Q3 2024.
The project aims to provide better residential and hotel facilities in the region.
5. Russell Place Hotel – $47m
The project involves the construction of a 14-story, 189 rooms hotel in Melbourne, Victoria, Australia.
Construction work started in Q1 2022 and is expected to be completed in Q4 2023.
The project aims to provide better hospitality facilities in the region.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.
