Skycity Darwin has taken out the award for 'best redeveloped hotel' in the Australian Hotel Association's National Awards for Excellence.
The business has invested $40 million into its lagoon resort, which has contributed to the local economy and enhanced tourism in the area.
Northern Territory's hospitality industry employs more than 7,100 people making the sector important to the local economy.
Any awards won by Darwin hotels are proof of the high quality of Northern Territory's tourism industry, according to Minister for Tourism Matt Conlan.
"Whether it’s enjoying a cold beer at an outback pub or marking a special occasion at a top-class restaurant, people come to the NT from around the world to enjoy our unique hospitality industry," he said.
High tourism numbers are great for owners of real estate in Darwin who can benefit from an improved economy.
Additional developments may bring more workers to the area, which will mean more tenants looking for houses – great for investors.
Two other award winners came from the Northern Territory. Emerald Springs Roadhouse won the award for outstanding community service and achievement for their fundraising efforts. A bartending competition raised over $60,000 for the Leukemia Foundation. The Daly Waters Pub won the best pub style accommodation award.