Darwin Waterfront Luxury Accommodation registrations of interest

Location

Location:

Darwin Waterfront Precinct, Northern Territory, Australia

Sector

Sector:

Tourism

Investment type

Investment type:

Develop and operate a luxury accommodation offering at the Darwin Waterfront Precinct

The opportunity

The Northern Territory (NT) Government is seeking interest in the development of a new luxury accommodation offering at the southern end of the Darwin Waterfront.

The registrations of interest are now open.

This is the precursor to a competitive process to identify the market interest in developing and operating a luxury accommodation offering in Darwin.

Registrations of interest

The NT Government invites experienced proponents with the ability to develop, finance and operate a luxury accommodation offering to register their interest in this exciting opportunity.

The NT Government has land at the Darwin Waterfront Precinct which it considers a prime location for a new luxury accommodation offering. With lush parklands, swimming lagoons, upmarket retail and commercial, and a variety of accommodation and dining options, the precinct is a great way to experience Darwin’s tropical lifestyle. The new luxury accommodation offering must integrate with and complement the development of the precinct.

Potential development location
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Interested proponents are welcome to nominate alternate privately owned sites which they believe would be suitable for a luxury accommodation offering in Darwin.

The NT Government has previously committed to contributing towards public infrastructure elements that enhance connectivity with the CBD and integrate with the Darwin Waterfront Precinct.

The NT Government does not expect to provide capital or ongoing support to any luxury accommodation development.

The registrations of interest will close on 10 September 2021.

To register your organisation’s interest, fill in the online form or email your details to luxury.hotel@nt.gov.au.

You will receive a confirmation of your registration.

Why the Territory

The Territory is a well-established and internationally renowned tourism destination offering a range of unique natural, cultural and immersive experiences to national and international markets. The Territory’s diverse economy draws significant corporate travel visitation along with strong demand from leisure markets, and business events are driving an increase in the visitor economy.

The Territory has used this once in a century crisis to be a once in a century opportunity and is the comeback capital of Australia. Tourism is a significant economic contributor and the re-opening of domestic borders has seen occupancy rates in Darwin reach 77% in May 2021 (up 6.3 percentage points compared to May 2019). Average room rates were up +19% to $185 and revenue per available room (RevPAR) increased +30% to $1431.

International borders will re-open and the Territory Government believes demand for a new luxury accommodation offering in Darwin will be stronger than ever. 

The Territory presents a rare opportunity for proponents to develop, finance and operate a luxury hotel in Darwin with strong domestic demand and international borders poised to be reopened. 

Next stage

This is the precursor to a competitive process to identify the market interest in developing and operating a luxury accommodation offering in Darwin. Subsequent stage(s) will be determined by the NT Government.

Following closure of the registrations of interest, the NT Government may contact registered parties to understand their interest, aspirations for the site and vision for the project.

Contact details

Investment Territory

luxury.hotel@nt.gov.au

1 Darwin monthly accommodation report May 2021, Department of Industry, Trade and Tourism, Northern Territory Government.

Disclaimer: This web page includes information provided by third parties. The information is general in nature and is for information purposes only. The Northern Territory Government makes no representation about the veracity or accuracy of information provided by third parties. You must rely on your own due diligence before proceeding. You should consider seeking independent professional advice.