The Government warmly welcomes the opening of the $30 million Peppers Silo Hotel development in Launceston, and congratulates developers Errol and Adie Stewart on turning their vision into reality.
It is a great demonstration of Tasmanian enterprise, our booming tourism industry and is a powerful symbol of a more confident Tasmania.
For more than a decade the silos on the North Bank of Launceston have sat empty and abandoned. The new Peppers Silo Hotel is a striking symbol of a city that is reinvigorated, growing and welcoming of visitors.
The Peppers Silo Hotel is expected to attract 27,000 visitors each year, injecting around $8 million into the local economy.
The development sits alongside other major investments in Launceston supported by the Government, including the City Deal which will clean up the Tamar River, revitalise the CBD, and support the relocation of the University of Tasmania to Inveresk delivering significant economic and educational benefits.