THE Northern Territory Government last week announced that development approval has been given to construct a $50 million hotel that will form Stage One of the Maluka Views development in the heart of the Palmerston CBD.
The Palmerston Hotel will be located right behind 'the Hub' on Roystonea Avenue and consist of 161 hotel rooms, including 32 suites and also 41 short stay apartments.
Minister for Lands, Planning and the Environment Peter Chandler said that with the recent fast-tracking of local land release and two suburbs currently under construction, the new development "is exactly what Palmerston needs."
"This site has sat vacant for many years and the government has released it for development through our urban infill strategy which has identified 70 parcels of Crown land across the Territory which could yield up to 2,700 dwellings," Mr Chandler said.
"Hotel accommodation is under immense pressure, especially in the Dry, this development will bring online much needed rooms for the developing City of Palmerston."
The Minister said the next stage of the Maluka Views development will have a residential focus while achieving a mix of commercial, retail and alfresco dining options to establish a unique and vibrant address within Palmerston.
Local Darwin businessman John 'Foxy' Robinson, who has joined with investor Mick Burns to make the project a reality, said Palmerston was long overdue for a development of this calibre.
"There are 50,000 people living in Palmerston and the Rural Area and there is nothing of this standard for them to access," Mr Robinson said.