This exciting hotel project features a unique design and located in an evolving part of the Sydney CBD that is benefiting from extensive development within close proximity. Located in Sydney CBD’s most exciting growth precinct, the 99 year leasehold site is positioned on the northern end of the Western Corridor and enjoys a favourable Sussex Street address, adjacent to King Street wharf. With a total lettable area of 6,839sqm on the 1,180sqm site, the proposed building is designed by architect Fitzpatrick + Partners. Typical floor plate areas will be approximately 872sqm for Levels 2-6, comprising 24 rooms each and 556sqm for Levels 7-8, comprising approximately 15 rooms each. Level 1 will comprise a reception lobby, retail tenancy, back office operations and 13 rooms. The lower ground floor comprises hotel back of house operations, a conference facility and a 276sqm retail tenancy. The hotel will occupy 6,306sqm under a long term lease arrangement with 533sqm reserved for retail.
Sydney’s Western Corridor is expected to see an increase in demand as Lend Lease’s $6 billion Barangaroo development will draw premium tenants and the new Darling Harbour Live convention centre and entertainment precinct will draw substantial travel and leisure activity to the Western Corridor. The Western Corridor encompasses a variety of office, retail, residential and hotel developments including the Crowne Plaza, Darling Harbour Four Points Hotel and Darling Park. The asset benefits from its close proximity to world class restaurants and bars located on Cockle Bay and King Street Wharf being approximately 150 metres from the site.