Hyatt Centric leases undeveloped South Yarra hotel

August 13, 2018

Prestige guest house Hyatt Centric plans to open its second Melbourne hotel in South Yarra.

The innkeeper has leased all of a proposed 153-key development earmarked to replace a 2116 square metre site, 2-10 River Street, which Alfasi Property Group paid $18.5 million for, last November.

Alfasi bought the site, currently low-rise warehouses and a car park, which for years prior was occupied by caterer Peter Rowland OAM for his hospitality business (that enterprise, Peter Rowland Catering, sold last year to a new entity, Peter Rowland Group, of which Mr Rowland is Chairperson).

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