St Regis Hotels & Resorts is planning to launch a hotel in Melbourne in 2022, in the luxury mixed-use Flinders Bank precinct on the corner of Spencer and Flinders Streets.

The new-build 168-room St Regis Melbourne is in the 33-storey development, which is owned by Century Group Aus and the hotel will also sit at the gateway to the city’s Central Business District.

Guests will also be within walking distance of Collins Street, known for its historic Victorian architecture, high-end shopping and Melbourne Convention and Exhibition Centre.

“This signing is an indication of the investment community’s confidence in the Australian hotel market, where we are seeing a growing demand for premium lodgings,” said Richard Crawford, senior director, hotel development, Australia, New Zealand and the Pacific at Marriott International.

“The St. Regis Melbourne will be an outstanding addition to our strong and growing footprint in the region, where we are on track to boast the largest portfolio of upper upscale and luxury hotels and resorts, with two-thirds of the new supply pipeline.”

The hotel sits across levels two to 11 of the skyscraper and all rooms and suites will have views of the Yarra River or city skyline. It will include the Drawing Room and the St Regis Bar as well as a 25-metre indoor pool and an Iridium Spa and beauty salon.

“We are confident this hotel will become an architectural benchmark in the region and the jewel in the crown at Flinders Bank,” said Connie Wu, executive director of Century Group Aus. “We are honoured to be bringing this iconic brand to Australia.”

There are currently more than 40 St Regis worldwide.