01 Dec 2014
SYDNEY Accor announced, Thursday, that it will be part of a new mixed-use hotel, commercial and retail precinct to be developed in Mascot, near Sydney Airport.
SYDNEY Accor announced, Thursday, that it will be part of a new mixed-use hotel, commercial and retail precinct to be developed in Mascot, near Sydney Airport.Accor has signed a management agreement with Goodman to manage a five-star hotel to be badged Pullman Sydney Airport as part of a new AUD100 million development project that will include office and retail facilities.
Accor Pacific chief operating officer, Simon McGrath, said: “The Sydney hotel market has been considerably constrained over the last two years with occupancies idling between 80 to 90%, hence the urgency for new inventory to service the high corporate and leisure demand in the city.”
inside no 5Pullman Sydney Airport will add 229 rooms to Sydney’s bourgeoning tourism economy and be the first internationally branded five-star hotel serving the international airport precinct.
Goodman will develop two commercial office buildings, totalling 34,350 sqm, together with ground floor retail space and the hotel.
Construction of the hotel development on O’Riordan Street, Mascot started earlier this month. It should be ready to occupy by May 2016.
sourced:ttrweekly.com