Hilton Partners with OSK Property and Employees Provident Fund
Hilton (NYSE: HLT) today announced the signing of Hilton Melbourne Square. Hilton Melbourne Square will be a major meetings and events hotel and will join the recent signing of Hilton Melbourne Little Queen Street, reinforcing Hilton’s push to strengthen its presence in the Melbourne market.
Hilton will manage the 600-room hotel under a management agreement with Yarra Park City, the joint venture company between OSK Property and EPF, and is slated to open in early 2023, with construction to commence 2020.
Located in the centre of Melbourne’s Southbank precinct, on the corner of Power and Kavanagh Streets, the new-build hotel is part of a $2.8 billion mixed-use development comprising of residential, commercial, speciality retail and 3,700 square meters of open space parkland.
Hilton Melbourne Square is ideally located in close proximity to the Melbourne Convention and Exhibition Centre and Melbourne Arts Centre. The hotel is also a short walk across the river to the Docklands precinct, Southern Cross Station and Melbourne’s central business and shopping districts.
“Having recently signed Hilton Melbourne Little Queen Street, we are thrilled to have now signed another Hilton Hotels & Resorts property with Hilton Melbourne Square, this time a major meetings and events property,” said Heidi Kunkel, vice president, operations, Australasia, Hilton.
“Melbourne is an extremely important market and with two new Hilton Hotels & Resorts properties joining our existing DoubleTree by Hilton hotel on Flinders Street, we look forward to welcoming both business and leisure guests to all three unique properties.”
Comprised of 600 spacious rooms, including 28 suites and one Presidential Suite, Hilton Melbourne Square will feature an Executive Lounge, four food and beverage outlets, including a rooftop bar and an All Day Dining restaurant, a fitness centre, an indoor pool and extensive meeting and event spaces totalling over 2,800sqm, including a 1,140sqm ballroom and a 840sqm junior ballroom.
Tan Sri Ong Leong Huat, Chairman, OSK Property, said, “We are delighted to have partnered with Hilton on this landmark hotel. This new hotel will offer extensive, state of the art convention facilities capable of hosting the world’s largest conventions in addition to capitalising upon a very robust local demand for function facilities.”
Tan Sri Ong added, “Hilton has an exceptional reputation in the meetings, incentives, conferences, and exhibitions space and we are excited and confident to have Hilton driving this business within our new facility, together with 600 cutting edge hotel rooms. Hilton Melbourne Square is a superb complement to the broader Melbourne Square mixed-use precinct.”
“Hilton Melbourne Square is an exciting addition to our Melbourne and wider Australasia portfolio and we are extremely pleased to be working with both OSK Property and EPF to bring our world-renown Hilton Hotels & Resorts brand to Melbourne’s Southbank area.” said Guy Phillips, senior vice president, development, Asia & Australasia, Hilton.
Hilton Melbourne Square will join 27 hotels presently operating under the Hilton portfolio throughout Australasia.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 17 world-class brands comprising more than 5,700 properties with more than 923,000 rooms, in 113 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton earned a spot on the 2018 world’s best workplaces list, and has welcomed more than 3 billion guests in its 100-year history. Through the award-winning guest loyalty program Hilton Honors, more than 89 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook,Twitter, LinkedIn, Instagram and YouTube.
About Hilton Hotels & Resorts
For 100 years, Hilton Hotels & Resorts has set the benchmark for hospitality around the world, providing new product innovations and services to meet guests’ evolving needs. With more than 585 hotels across six continents, Hilton Hotels & Resorts properties are located in the world’s most sought-after destinations for guests who know that where they stay matters. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Begin your journey at www.hilton.com, and learn more by visiting newsroom.hilton.com/hhr and following Hilton Hotels & Resorts on Facebook, Twitter, and Instagram.
About Employees Provident Fund Malaysia
The Employees Provident Fund (EPF) is Malaysia’s premier retirement savings fund to help its members achieve adequate savings for a comfortable retirement. This is in line with EPF’s vision to help members achieve a better future and the mission to safeguard members’ savings and deliver excellent services. The EPF has evolved significantly from transaction-centric to a professional fund management organisation with a strong focus on retirement security. The EPF is guided by a robust and professional governance framework when making investment decisions. It continues to play a catalytic role in the nation’s economic growth and seeks to cultivate a savings and investment culture among its members to improve the country’s financial literacy level. For more information, please visit our website www.kwsp.gov.my
About OSK Property
OSK Group is a conglomerate with a solid business track record of over 50 years. The Group has diversified business interests in property development and investment, construction, industries, hospitality, and financial services, where it holds a strategic stake in RHB Bank, the fourth largest banking group in Malaysia. OSK Group has over 2,000 employees across its business operations in Malaysia, Vietnam and Australia. Its main holding company, OSK Holdings Berhad, is listed on the Main Market of Bursa Malaysia. OSK Property, which is the Group’s property development and investment business, is one of the leading property groups in Malaysia. A multi-award winning developer known for its bold designs and solid reputation, OSK Property has delivered a broad range of properties across Malaysia, from large-scale townships to urban high-rise buildings, and has a portfolio of investment assets in hotels, retail and commercial office properties. For more information, please visit our website www.oskgroup.com.