36 ARGYLE STREET_HR07_finalToga Far East (TFE) Hotels has secured the operating agreement for a new Vibe Hotel as part of a mixed-use development in the Hobart CBD, due for completion in 2017.

Developer, Raadas Property has obtained development approval for a 15-storey redevelopment of 36 Argyle Street, which is currently an open air carpark opposite the Royal Hobart Hospital and Hobart Private Hospital.

The proposed development incorporates a ground floor of retail and hospitality space, four floors dedicated to commercial offices and ten floors for approximately 120 rooms and suites, conferencing and facilities.

Raadas has appointed TFE Hotels to operate the hotel under its Vibe Hotels brand and consult with Hobart-based Xsquared Architects on design.

Raadas Property Managing Director Richard Doedens said he is delighted to have TFE Hotels on board with the development.

“It is pleasing to say this project is one step closer to commencing construction now that we have appointed TFE Hotels,” said Mr Doedens.

“TFE Hotels is an owner and builder of hotels, as well as a hotel management company on behalf of owners, so they know better than anyone what’s required to make a development like this work”.

“The Vibe Hotels lifestyle brand is an excellent choice for this location and the style of hotel we want to create. It is an exciting and progressive hotel concept that will connect guests to the local surroundings and add to the revitalisation of Hobart’s CBD,” Mr Doedens added.

TFE Hotels’ agreement with Raadas Property will result in its first Vibe hotel for Tasmania and its third hotel in the state capital, joining Travelodge Hobart and Travelodge Hobart Airport.

In addition to being directly opposite Hobart’s main public and private hospitals, it is also within a short walk of retail and café precincts, the Hobart waterfront, the State and Federal Government departments and some of Hobart’s largest corporate premises.

Incorporated in the Argyle Street development are four floors of commercial office space, which is being marketed by Knight Frank in Hobart.

Construction is expected to commence in 2016.