Frankston’s 12-Level Peninsula Centre to be Redeveloped Into $80 Million Luxury Hotel
IT was reportedly once described by actor Barry Humphries as “the worst building in Australia” – but now the tallest building in Melbourne’s outer bayside suburb of Frankston is about to be remodelled into an $80 million luxury hotel.
Two years after the Deague family’s Asian Pacific Building Corporation paid $11.25 million for the Grollo-built 12-storey building at 435 Nepean Highway, Frankston City Council has approved plans to redevelop the “Peninsula Centre” into a 140-suite hotel, function centre, conference centre, restaurant and bar.
