Melbourne is set to be the new home of a 500-key Shangri-La property.

Located at 308 Exhibition Street, the Cox and Fender Katsalidis-designed two-tower development overlooks Melbourne’s World Heritage-listed Carlton Gardens, and is currently under consideration for planning approval.

When it is completed in 2022, it is expected the luxury five-star Shangri-La Hotel Melbourne will feature an estimated 500 guest rooms with three levels of amenities for guests to enjoy, including a sky lobby, restaurants, spa, fitness centre, pool and a state of the art ballroom.

The second tower will include some 300 luxury residential apartments as well as office space. A sky bridge will connect the two towers, and retail space will occupy the lower levels of the development.

“Shangri-La is privileged to be selected as the hotel operator for this world-class S P Setia development, which will be an architectural masterpiece and an iconic part of Melbourne’s skyline for decades to come,” said Shangri-La Asia’s Chief Executive Officer Lim Beng Chee.

“We look forward to bringing Shangri-La’s hallmark ‘hospitality from the heart’ to Melbourne, Australia’s event capital.”