While it's winter in the northern hemisphere, summer has arrived Down Under, which means its prime time for tourism. And in Victoria's bustling capital, Australia's first Le Meridien hotel offers a historic place to stay.
Having marked the arrival of the Marriott International brand in Australia when it opened its doors in March 2023, this pioneering hotel, housed in a former theatre, captivates guests with its European-inspired ambience, rooftop pool and exceptional dining experiences.
Nestled on vibrant Bourke Street, the building dates back to the 1850s and the landmark has previously been a hotel, cinema, theatre and nightclub. The five-star Le Meridien Melbourne pays homage to this history with quirky touches throughout, celebrating the building's unique past within the city's arts and culture scene.
The National checked in to find out more.
The welcome
Le Meridien Melbourne has two main entrances off Bourke Street, one directly on to the road and one just off the road that acts as a drop-off point for car access. Drawing on its culture-laden history, the hotel entrance mimics the architecture of a theatre where the Art Deco-style screen above the doorway, which would typically display a venue’s latest listings, instead brandishes the name of the hotel.
Stepping through the doors into reception, I find check-in is quick, friendly and efficient. Directly opposite three check-in desks is Intermission, an open-plan cafe inspired by the espresso bars of the 1950s that have become part of Melbourne’s fabric.
The artisan coffee, sandwiches and pastries on offer here are displayed high on the wall, again to mimic the style of a theatre listing display. During my stay, the cafe is frequented by guests and non-guests enjoying a coffee while flicking through a newspaper or delving into a novel.
The neighbourhood
The hotel is about a 25-minute car journey from Melbourne Airport and is centrally located, which means travellers have access to several shops, restaurants and cafes. The Imperial Arms, a Melbourne favourite, and the Hotel Windsor, one of the city’s oldest and most famous hotels, which is best known for its afternoon tea, are within a two-minute walk.
Across the road, you can find Parliament Gardens and the old Treasury building, a glorious Victorian structure steeped in history from the country’s colonial past.
There’s plenty to do in this part of town, whether it’s shopping at chic boutiques, visiting trendy cafes or taking in a show at a theatre or comedy club. Don’t miss the lanes, either. These side streets brim with art, artisanal cafes and more, and have in many ways come to define the city's vibe in recent years. There are plenty within walking distance from Le Meridien Melbourne. Finders Street Station, a grand Victorian transport hub that connects the entire city, is a 20-minute walk away making exploring further afield easy.
Sports fans will delight in the location as the Melbourne Cricket Ground, one of the biggest and most famous in the world, is visible from the hotel, and is a 30-minute walk away. The Rod Laver Arena, the home of the Australian Open tennis, is on the same park, and Melbourne also plays host to the Australian Grand Prix every year at the nearby Albert Park Circuit.
The room
The hotel's 235 rooms are spread across the building’s 12 floors, and my room on the 10th floor comes with magnificent views of the old Treasury. In keeping with the overall theme of the property, my suite has a distinct 1950s vibe to it with artwork from the period prominent. There is a lounge and kitchen area, complete with a plasma screen TV and working area. The bedroom has a separate TV screen in case you want to catch a film before bedtime, or take in the morning news before starting your day. With floor-to-ceiling windows in both areas, the room is filled with natural light, which creates an inviting atmosphere.
The bathroom has an impressive marble walk-in shower with a bath alongside it, and there is also a separate, smaller, toilet-only bathroom in the lounge area. A minibar stocked with various chargeable drinks and snacks, complimentary water and tea and coffee-making facilities are also available. A kitchen worktop, sink and microwave are handy if you want to dine in.
The service
Staff here are fun and friendly. Everywhere I go I’m met by a smile and a “hello”. It’s pleasant and it’s infectious. What’s more, something I didn’t appreciate before my arrival in Melbourne, is the intercity rivalry it has with Sydney. At every level, from housekeeping to restaurant management, Le Meridien’s staff appear incredibly proud of their city, and playfully ask for my thoughts on how it compares to its New South Wales rival (their delight apparent when I choose their home).
The scene
The fifth floor is the place to be in terms of facilities at Le Meridien Melbourne. This is where you'll find Le Splash Pool Bar, a rooftop pool bar and heated pool maintained at a pleasant 28°C year round. Opening to non-hotel guests for the first time this summer, it's one of the city's most popular venues, but on weekends it's exclusively for hotel guests to use.
Le Splash Pool Bar is a great place to unwind, sip on a drink or tuck into classic bar snacks accompanied by a lovely view of the old Treasury building to boot. But, for me, it’s the heated rooftop pool that steals the show. Admittedly my visit comes during the Australian winter, but the opportunity to go for an early morning or sunset swim in a heated pool that offers spectacular views of Melbourne in all its glory is too good to turn down.
There’s also a 24-hour gym with state-of-the-art equipment and a sauna.
The food
The main restaurant at Le Meridien Melbourne is Dolly, the hotel’s fine dining venue for dinner and breakfast. It's located on the basement floor, and the sense of theatre is revisited here as you make your way down an elaborate staircase from the reception area towards the restaurant.
For breakfast, it’s buffet-style led on the continental European concept alongside traditional British-inspired breakfast picks. There’s also a fruit station and an a la carte menu for egg-based dishes.
As for dinner, the restaurant presents a Mediterranean-Australian concept revolving around the theatre, with a menu divided into acts and pre-theatre dining specials. Highlights from the menu include celeriac and wild mushroom risotto (Dh92), local snapper (Dh114) and lobster medallion (Dh194). As for dessert, the bombe Alaska (Dh102) is an incredible option if you’re dining as a two, and you can’t go wrong with the classic tarte Tatin (Dh49).
For lower-key dining, Intermission in the reception area also serves pre-theatre snacks such as seasonal oysters and chicken drumsticks, and post-show bites including beef or vegan pie and classic croque-monsieur.
Highs and lows
The hotel's location in Melbourne is simply spectacular with plenty to do within walking distance. It’s also the ideal pick for theatre connoisseurs, and a must-visit for sports fans too. While my own suite had epic views, some other rooms have more restricted views.
The insider tip
If dining at Dolly, go for the pre-theatre timing of 5pm to 6pm if you can, even if that feels early. The atmosphere is fun and fervent and there are some reasonable dining packages on offer.
The verdict
Room-only prices start from Dh740 in low season; check-in from 3pm, checkout until 11am.
This review was conducted at the invitation of the hotel and reflects hotel standards during this time. Services may change in the future
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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THE BIO: Mohammed Ashiq Ali
Proudest achievement: “I came to a new country and started this shop”
Favourite TV programme: the news
Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”
Family: six sons in Dubai and a daughter in Faisalabad
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
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