Investor appetite for big city hotels will be put to the test this month after developer Brady Group put its new 252-room Voco Melbourne Central up for sale.

Price expectations are understood to be about $150 million for the yet-to-open high-rise hotel opposite Melbourne Central Shopping Centre. It forms part of 380 Melbourne, a $500 million apartment project developed by Brady Group featuring two towers of 52 and 68 levels behind a waved glass facade at 380 Lonsdale Street.