A new-build Holiday Inn will open in Richmond, an inner suburb of Melbourne, Australia, in 2023, following the signing of a long-term management agreement between IHG and a joint venture between Pelligra Group, PrimeLand Group and Diamond Hospitality Singapore.
The 160-room Holiday Inn Melbourne Richmond will be part of a mixed-use development opposite Burnley Station and a 10-minute walk from the Melbourne Cricket Ground and Rod Laver Arena. This is the second hotel signed by IHG and Pelligra Group: The first, the Holiday Inn Melbourne Werribee, is scheduled to open in early 2021.
"Holiday Inn has made its mark as one of Australasia’s fasted growing hotel brands, and Holiday Inn Melbourne Richmond complements our 28 open or pipeline hotels," said Abhijay Sandilya, IHG’s VP of development. "Not only is Richmond a great destination for sports fans, it boasts a number of demand drivers in the technology, health and education space, and we are confident this hotel will be a favorite with corporate, event and VFR travelers."
IHG has focused on regional growth in Australasia, signing several Holiday Inns for Queenstown’s Remarkables Park, Wagga Wagga, Melbourne Dandenong, Geelong, Melbourne Ringwood, Melbourne Coburg and Melbourne Werribee—all new-build properties. IHG currently has 51 hotels operating under four brands in Australasia with another 35 in the pipeline as of September.