HILTON Hotels & Resorts is set to be the anchor tenant of a new entertainment and conference centre development being built in the Port Moresby suburb of Hohola.
Construction of the Star Mountain Plaza development started in September, with the first stage of the project, set to be complete by the end of 2017, reported to cost K1.1 billion.
This stage will see a 160 apartment residential tower built at the site alongside a 4,000 square foot multilevel convention and performing arts centre.
That is in addition to the 16-storey mixed-use tower which is to house the 212-room Hilton hotel, along with office and retail space and 128 apartments.
The Hilton Port Moresby will comprise of 164 standard rooms of 33 square metres, 46 executive suites of 46.5 square metres, and two 117 square metre chairman suites. The complex will include four restaurants and two bars, a business centre, health club, spa and outdoor pool and event spaces as large as 2,800 square metres.
Both the convention centre and the Hilton Port Moresby are to be managed by Hilton under the deal.
Hilton Worldwide global head of full service brands Rob Palleschi said Port Moresby was a key gateway location for Papua New Guinea, which he described as one of the world’s last tourism frontiers.
“Today we are delighted to fly the Hilton flag in yet another attractive leisure destination here in Port Moresby,” he said.
The Star Mountain Plaza development is the first project to be built by provincial landowner companies Mineral Resources Star Mountain (MRSM), Mineral Resources Ok Tedi (MROT) and Petroleum Resources Kutubu Limited (PRK).
The project is being developed as a joint venture between the three groups under the trusteeship of the state-owned Mineral Resources Development Company (MRDC).
The hotel is due to be open in time for the APEC Leaders’ Summit, which will be held in Port Moresby in 2018.