W Hotel in the Works for Melbourne, Australia

According to several Australian news outlets, a W hotel is in the works for Melbourne, on the site of the city's old Palace Theatre, which was bought last year at auction by Jinshan Investments. The new property would be a return to the country for the brand; the W Sydney became the Blue Sydney, a Taj Hotel, several years ago. The $180 million property would have 205 guest rooms. A grass-roots movement to save the Palace Theatre is garnering support, however; the Save the Palace Theatre Facebook page currently has almost 29,000 followers.