Mantra Group is set to manage Launceston's Silo Hotel when it opens in April 2018. Under Mantra's Peppers brand, Peppers Silo Hotel is a $25-million redevelopment of the Kings Wharf grain silos in Launceston, Tasmania. This hotel will be Mantra's second in the city of Launceston.
The 10-story hotel will have 108 guestrooms, including 52 in the barrels of the former silo and four apartments on the top floor. On the corner of Lindsay Street and Kings Wharf Road, Launceston, Tasmania, the new Peppers is near Seaport, Royal Park, the Tamar River Basin and Cataract Gorge. Peppers Silo Hotel is the third management agreement signed between Mantra Group and developer Stewart, Morris & MacLagen Group, following Peppers Seaport Hotel, Launceston and Peppers York Cove, Tamar Valley.
Peppers Silo Hotel will be the first hotel development to open in Launceston since Mantra Charles Hotel was developed in 2010. "The addition of this new hotel will see Mantra Group grow its presence within the Launceston market to 268 rooms under management," Bob East, CEO at Mantra Group, said in a statement.
This acquisition comes just as the Tasmania tourism market has been experiencing record domestic and international visitation. According to East, supply and demand forecasts expect this strong performance to continue with further gains.
Developer Errol Stewart said Launceston is in need of new tourism products and has a shortage of hotel rooms in the summer. "The project also provides a major boost to the local economy, creating more than 60 direct and hundreds of indirect jobs during the construction stage and, once operational, numerous long-term hospitality jobs," Stewart added.