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Acquisition of Travelodge Docklands – January 2011

M&L Hospitality announces its acquisition of the 291-room hotel, Travelodge Docklands, located in Melbourne’s Docklands precinct.

“Travelodge Docklands is the only hotel in the Melbourne Docklands precinct, which is part of a $AUD12 billion ongoing major urban project to extend Melbourne’s CBD in the Docklands precinct.” commented Mr Neil Maxwell, M&L Hospitality’s Chief Investment Officer. “With the precinct now the thriving new sports, entertainment and business hub of Melbourne, we are confident Travelodge Docklands can continue to capitalise on this major urban development.”

With 291 hotel rooms including 25 interconnecting rooms, Travelodge Docklands offers all the practical facilities and more for families and travellers on a budget.

The hotel provides great public transport options with Southern Cross Station located adjacent to Docklands as well as easy access to all major attractions including the MCG, Melbourne Aquarium, Rod Laver Arena, the Royal Botanic Gardens and the Melbourne Exhibition Centre. The hotel is also only minutes’ walk to Etihad Stadium giving guests access to some of the greatest Australian Rules Football, other sporting matches and major entertainment events that Melbourne has on offer.

A number of major office developments in the Docklands area are also only a short distance away from the hotel, including the headquarters and offices of Australia and New Zealand Banking Group, National Australia Bank, AXA Australia, The Age Newspaper, the Bureau of Meteorology, Medibank Private Ltd, Lion Nathan National Foods and Myer.