Following a six month selection process, Toga Far East Hotels (TFE) is proud to announce that it has been the successful contender to build and manage a new Vibe Hotel complete with conference centre at the redeveloped Canberra Airport. The newly acquired property, which will occupy prime real estate at the entrance of Canberra Airport, will be developed in conjunction with Canberra Airport.
The anticipated date for the completion and opening of the new Vibe Hotel is currently earmarked for October 2015.
Situated just 150 metres from the entry to the new terminal, the 191 room property will be centred around a full height atrium featuring a large ground floor intermingle zone with reception, bar, restaurant and conferencing facilities.
CEO of TFE Hotels, Rachel Argaman, commented: “We are honoured to have been selected to operate the hotel in such a prominent position in the nation’s capital. The location will service travellers using the beautiful new airport, as well as the surrounding business parks and defence precincts.”
The contemporary property will offer sweeping views over Lake Burley Griffin to Parliament House and across the runway to the east. The Vibe Hotel will house 12 suites, 5 x 1-bedroom apartments and 4 x 2-bedroom apartments and 170 guest rooms, all of which feature balconies. Guests will also have access to 50 car spaces and a gym. Conference facilities will include one large room, which can be split into two, five boardrooms and a pre-function space.
Toga Group Managing Director Allan Vidor said: “Since forming the joint venture with Far East Hospitality almost a year ago, Toga Group’s hospitality arm TFE Hotels has been actively pursuing growth opportunities in the accommodation sector.
“We are delighted to be working in partnership with Canberra Airport to deliver a brand new hotel - Vibe Hotel Canberra which will provide business and leisure travellers with convenient 4.5 star accommodation at the airport and just a stone’s throw from the CBD.
“The announcement of this iconic new Vibe hotel is testimony to Canberra Airport’s commitment to maintaining its position as Australia’s leading airport and its strong vision for the Canberra region.”
With over 150,000sqm of a-grade commercial office space in the business parks at Canberra airport, and over 40,000sqm of retail space, the precinct will benefit greatly from the new Vibe Hotel, which will predominantly cater to the corporate traveller market.
-ENDS-
About Vibe Hotels
Stylish Simplicity
In concept and performance, Vibe Hotels are dynamic and individual. Vibe Hotels offer a fresh alternative to traditional hotels. Every aspect of Vibe Hotels represents a great lifestyle. Vibe Hotels are always part of their local environment, allowing guests to experience and absorb the essence of the destination. Each Vibe Hotel is an original expression of the village in which it is located. There are seven Vibe Hotels located across Sydney, Melbourne, the Gold Coast and Darwin. Coming soon: Vibe Hotel and Conference Centre Marysville (2014)
About TFE Hotels
A joint venture between Toga Group and Far East Hospitality, TFE Hotels (Toga Far East Hotels) is a leading hotel operator across Australia, New Zealand and Europe.
Combining the strength of two international hospitality businesses, TFE Hotels will continue to pursue growth opportunities, with the potential for greater operational efficiencies worldwide.
A leading accommodation provider, TFE Hotels has a portfolio of over 65 properties across Australia, New Zealand and Europe. TFE Hotels’ brands include: Adina Apartment Hotels, Medina Serviced Apartments, Rendezvous Hotels, Vibe Hotel, Travelodge Hotels and Hotel Kurrajong Canberra.
These brands represent over 9,000 apartments and hotel rooms which vary in price, location and design to meet a range of different accommodation needs. For more information, visit: www.tfehotels.com
About Far East Hospitality
Far East Hospitality Holdings Pte Ltd (Far East Hospitality), a premier hospitality assets owner and operator, is a 70-30 joint venture formed in 2013 between Far East Orchard Limited (a listed company under Far East Organization) and The Straits Trading Company Limited. In the same year of its formation, Far East Hospitality through its wholly-owned subsidiary Far East Hospitality Investments (Australia) Pte Ltd completed a 50-50 joint venture with Australia’s Toga Group.
With the joint ventures, Far East Hospitality has established itself as a regional hospitality owner and operator with a sizeable overseas network. It now has a combined portfolio of more than 13,000 rooms under management across more than 80 hotels and serviced residences in eight countries – Australia, China, Denmark, Germany, Hungary, Malaysia, New Zealand and Singapore. Far East Hospitality’s stable of nine unique and complementary brands – “Quincy”, “Oasia”, “Village”, “Rendezvous”, “Adina”, “Medina”, “Vibe”, “Travelodge” and “Marque” – present excellent opportunities for cross-selling initiatives across the different brands and geographic markets, offering guests with a greater diversity of choices and locations.
For more information, visit www.stayfareast.com.