Planning approval has been granted to Melbourne property developer Capital Alliance for a AU$340 million dual hotel project involving two major TFE Hotels brands.

The mixed-use lifestyle development in Melbourne’s Docklands precinct will include a 200-room bespoke Collection by TFE Hotel and a 105-key A by Adina hotel, alongside a state-of-the-art conference centre that can hold up to 1000 people.

“In the face of the current economic uncertainty, we are thrilled to move into the next phase of this ambitious project,” said Capital Alliance Founder and Chief Executive, Mohan Du.

“Pearl River is our last blank canvas for Docklands and as such represents a significant milestone, so we wanted to create something truly remarkable and, in collaboration with TFE Hotels, a precinct that fosters a work, rest, play lifestyle.”

“Importantly, this project also prioritises sustainability, world-class lifestyle amenities and provides a premium setting for large scale Melbourne events.”

Not only will the project feature Australia’s largest rooftop infinity pool, but it will also be home to the longest escalator in the country, with visual projection technology to take guests on an exciting ride to the conference centre.

“Just like the Pompidou Centre in Paris this enormous escalator runs up the side of the building and leads to a fabulous bar and function centre,” said Deputy Lord Mayor, Nicholas Reece.

“And just like at the Pompidou I am sure this new escalator will be renowned as one of the best rides in Melbourne.”

Construction of Capital Alliance’s Pearl River development is expected to commence in the first half of 2024.