Tuesday, January 24, 2006

Golden Tulip Hotel in Melborne Developed Under 20 Year Leaseback

The Australian - January 24, 2006

The Tourism Hotels & Leisure group has announced plans for a $75 million, four-star hotel to be built on or near Melbourne Airport. The 279-room property is likely to become Melbourne's second Golden Tulip hotel and will be built by an undisclosed developer.

But confusion surrounds the actual site, with Melbourne Airport staff yesterday unaware of any plans for a hotel and a THL spokesman unable to confirm whether the planned complex would be on airport land. Either way, the hotel will be known as the Golden Tulip Melbourne Airport, and according to a THL stock exchange announcement, will include both conference and business facilities.

The proposed complex will be Golden Tulip's second Melbourne property and is expected to be leased back for up to 20 years. Sphere: Related Content

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