Mandarin Oriental Hotel Group has signed a management contract for a new luxury hotel and branded residences to be developed in Melbourne, Australia.

The project is expected to open in 2023, and is the group’s first announced property in Australia.

The hotel and residences will be located on Collins Street, in an iconic, mixed-use 185-metre tower which will play a part in the on-going regeneration of the city’s business district.

The building’s innovative and distinctive design, created by the late award-winning architect, Dame Zaha Hadid, will become a landmark in the city.

Located in the heart of Melbourne’s financial and legal district, the project is close to the Docklands and the Southbank tourist and entertainment precinct.

Mandarin Oriental, Melbourne will feature 196 spacious, contemporary guestrooms and suites designed to reflect local culture, together with features inspired by Mandarin Oriental’s oriental heritage.

The group will also manage 148 residences, located on the tower’s upper floors, which will provide some of the most luxurious private homes in the city.

Owners will have exclusive access to the luxury hotel experience, as well as their own bespoke amenities including a private residents’ lounge.

Mandarin Oriental, Melbourne will feature an all-day dining restaurant and a bar with a landscaped roof terrace.

There will also be a variety of meeting spaces and an executive club lounge.

The project is being developed by Melbourne-based property developer, Landream.