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Nesuto partners with AsheMorgan with the signing of Nesuto Docklands Apartment Hotel

August 14, 2020 Hotel Developments No Comments Email Email

Nesuto today announced the signing of Nesuto Docklands in Melbourne’s The District Docklands precinct, its first property to open in Victoria. The partnership adds to Nesuto’s existing portfolio of 11 operating and 1 pipeline hotel and apartment hotels in Australia and New Zealand.

The signing of the 211-key apartment hotel also marks the first time Nesuto has partnered with Australian real estate investment firm, AsheMorgan which is the owner of The District Docklands, Melbourne. The total investment of the new build apartment hotel is $100 million.

“The signing of Nesuto Docklands and our new partnership is an exciting milestone for us, particularly given the current environment and market conditions.  At Nesuto we are nimble and work with Owners to find sensible solutions” said Mark Ronfeldt, CEO of Daiwa Living Nesuto.

“Nesuto Docklands, located at 80 Waterfront Way, is testament to that approach. Our unique hotel and apartment hotel model allowed us to completely tailor our approach to the development and deliver a property which will service the variety of needs of the mixed-use precinct.”

“The addition of Nesuto Apartment Hotel forms part of our long-term vision to create a modern urban village at The District Docklands. The welcomed partnership adds another layer to our expanding community hub where people can live, work and play all in the one place and is another vote of confidence from a strong accommodation player in support of our long-term strategy of the broader precinct.” said George Karabatsos, CEO of The District Docklands.

The apartment hotel designed by Melbourne based Fender Katsalidas Architects will feature 58 x 1-bedroom, 20 x 2-bedroom and 133 studio apartments. Nesuto offers a range of benefits over traditional hotels including fully equipped kitchens, separate bedrooms, open plan living and dining spaces, plus internal laundry facilities.

“We are pleased to partner with such a highly regarded agile hospitality business for the signing of Nesuto Docklands Apartment Hotel,” said Andrew Whiteside, Development Director at AsheMorgan, “The continued investment in infrastructure and regeneration of The District Docklands is purpose built for the future. The precinct will continue to evolve into a seamless extension of Melbourne’s CBD, a complete offering that attracts both leisure and corporate visitors.”

Construction of Nesuto Docklands Apartment Hotel is expected to commence early 2021 and is due for completion by January 2023.

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