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Hotel101 Global Announces Definitive Binding Agreements Signed for the Development of Hotel101 in Melbourne, Victoria, Australia
Globenewswire· 2026-01-20 07:00
PRIME SITE; HOTEL101-MELBOURNE LOCATION IS AT No. 540 FLINDERS LANE, RIGHT IN THE HEART OF MELBOURNE’S CENTRAL BUSINESS DISTRICT HOTEL101-MELBOURNE IS SET TO HAVE APPROX. 766 ROOMS AND FEATURE MEETING SPACES AND A CONFERENCE CENTER HOTEL101-MELBOURNE IS EXPECTED TO GENERATE APPROX. AU$323.6 MILLION IN SALES REVENUE HOTEL101-MELBOURNE, WITH ITS EXPECTED 766 ROOMS, IS SET TO BE THE LARGEST HOTEL IN MELBOURNE, VICTORIA, AUSTRALIA BY ROOMCOUNT Site location of Hotel101-Melbourne, Australia, which is set to ha ...
Hotel101 Global entered into definitive binding agreements to develop Hotel101 in Cambodia
Globenewswire· 2025-08-20 11:47
Core Insights - Hotel101 Global is expanding into Cambodia with two major hotel projects in Phnom Penh and Sihanoukville, expected to generate approximately $109.55 million in sales revenue [1][7] - The projects are part of Hotel101's long-term vision to operate 1 million hotel rooms across 100 countries, marking Cambodia as the sixth country for Hotel101's expansion [1][3] Group 1: Project Details - Hotel101-Phnom Penh will feature approximately 700 rooms on a 2,033 square meter site in the Tonle Bassac district, a vibrant economic and cultural hub [1][4] - Hotel101-Sihanoukville will have around 680 rooms on a 4,623 square meter site within the Bay of Lights development, a significant coastal project [1][5] - Both hotels will include standardized "HappyRoom" units and various amenities, enhancing the hospitality offerings in Cambodia [4][6] Group 2: Market Potential - Cambodia received over 6.7 million international visitors in 2024, with expectations for growth due to the upcoming opening of the Techno International Airport in September 2025 [1][4] - The strategic locations of the hotels are expected to capture the growing demand for business and leisure accommodations in Cambodia [4][6] Group 3: Strategic Partnerships - Hotel101 has partnered with Canopy Sands Development, a leading local real estate developer, to facilitate the development and navigate the local market [2][3] - This collaboration will leverage Canopy Sands' existing sales network, enhancing Hotel101's market entry strategy [2]