Archive for December 2017

Alfasi Property Development to build a new 4.5-star hotel in South Yarra

December 5, 2017
Alfasi Property Development has acquired a development site at 2-10 River Street, in Melbourne’s South Yarra, for $18 million to build a 150-room, 4.5-star international hotel. “As the world’s most liveable city, Melbourne needs a sophisticated hotel offering that will firmly place it in the milieu of other global cities,” Alfasi Managing Director Gill Dvir