New luxury hotel set for Sydney CBD
A new $120 million luxury boutique hotel to be built in Sydney CBD’s Castlereagh Street has been announced.
AccorHotels has teamed up with real estate developer Shanghai United with an official signing ceremony for the project held on Wednesday 24 May.
The $380 million mixed-use 36-storey tower on the corner block of 110-118 Bathurst and 203 Castlereagh Streets will include a 121 room hotel on levels one to nine with 131 residential apartments above on levels 10-34.
The MGallery by Sofitel hotel is designed by the award-winning Candelapas & Associates architects.
Apartments will interweave the existing 1870s heritage-listed Porter House Hotel adjacent to the tower.
It will feature four levels of additional facilities, including lobby, pool and fitness centre, two restaurants, a fourth floor bar with roving art gallery, meeting and private dining facilities and a business centre.
“We are thrilled to develop a new strategic partnership with Shanghai United on this landmark development for Sydney’s CBD,” said AccorHotels’ chief operating officer for the Pacific region, Simon McGrath.
“The Sydney hotel sector is the strongest in Australia with consistent occupancy levels in the mid-high 80% range and average rates growing sharply.
“This new MGallery by Sofitel hotel will stand to greatly benefit from the tourism and infrastructure boom we are currently seeing with projects such as the International Convention Centre and light rail development.
“A new boutique hotel such as this will provide both business and leisure travellers with a new luxury boutique experience in Sydney, whether they visit for conferences, events, cultural or sporting events.”
Xu Yangdong, Shanghai United’s CEO, said it marks a new area of luxury hotel and apartments in the Sydney CBD area.
“WithsService contents delivered by the MGallery by Sofitel, Shanghai United will provide residents and guests an extraordinary array of amenities to enjoy,” said Xu.
Construction on The Porter House Hotel, MGallery by Sofitel will commence in early 2018 with completion expected in December 2020.