Mantra M-City Melbourne

Mantra Group will operate the hotel and letting apartment component of Saraceno Group"s $1 billion mixed-use development in Clayton, one of the fastest growing employment corridors in Melbourne"s south-east, just 20 kilometres from the CBD.

Located on the corner of Princess Highway and Blackburn Road, the development is the largest ever undertaken in the city and includes a range of residential, hotel and serviced apartment accommodation as well as retail, entertainment and commercial facilities within the world-renowned education and medical precincts of the Monash municipality.

The full-service hotel and apartments component of the development, to be known as Mantra M-City, is due for completion in late-2020.

The 10-storey hotel will include 250 hotel rooms, conference and meeting facilities, a restaurant and bar, and onsite car parking.

Adjacent to the hotel tower, a further 180 serviced studio, one, two and three bedroom apartments will also be operated by Mantra Group.

Mantra Group Chief Executive Officer Bob East said the acquisition is a great opportunity to connect the Mantra brand to the strong market dynamics of Clayton.