The Star Sydney has unveiled details of the
proposed $1 billion development plans set to transform the harbour-side
property over the next five years.
With $500 million already
committed to phase 1, expansion plans which are well underway. Another $500 million will potentially be injected
into the events and entertainment destination with the
addition of a new hotel tower and a connected ribbon development.
The ribbon development would feature numerous signature food and
beverage offerings and additional meeting spaces to support the
property’s Event Centre.
“Continued strong growth in
international travel has resulted in new records for Australian
tourism; welcoming over 6.6 million international visitors in
2014/15, an increase of 7% on the previous period. For Sydney to
remain at the forefront of this tourism boom, more accommodation,
facilities and event spaces are required,” said John Autelitano,
General Manager Hotels, The Star Sydney. “We are seeking
various approvals to develop a new hotel tower and ribbon
development that would further enliven the Pyrmont precinct and
boost The Star’s accommodation offering beyond 1000 rooms. We are
planning to develop the project in a joint venture with our
successful partners from Queen’s Wharf Brisbane bid, Chow Tai Fook
Enterprises and Far East Consortium. We are also in discussions
with The Ritz-Carlton in relation to branding of the proposed
hotel tower and are excited about the prospect of bringing the
Ritz-Carlton Hotel brand back in Sydney to add to the experiences
on offer at The Star.”
Phase 1 developments underway include the $130
million refurbishment of Astral Tower and Residences, set for
completion in 2016, and will offer functional rooms and high end
suites, new meeting rooms, and a comprehensive business centre. A new executive hotel club lounge to
enhance the experience for business travellers.
The
recently completed upgrade of The Darling hotel’s Spa included the
addition of a mosaic aromatherapy heated steam room with salt
water jacuzzi and a fitness facility with one of
Australia’s first Kinesis walls.
Other projects recently
completed include an underground car park upgrade with new
wayfinding technology, parking guidance system and increased
directional and digital signage; new international gaming areas
and VIP suites; new level 5 event plenary space within the Event
Centre; and the refurbished Harvest Buffet restaurant.
“The proposed $1 billion in
development works would meet growing business and leisure market
demands, ensuring Sydney’s reputation for quality and luxury. This
growth in Australia’s offering and strong international interest
has the potential to boost overnight visitor expenditure in
Australia to up to $140 billion annually by 2020,” said Mr
Autelitano.
See other recent
news regarding:
Star Sydney,
Sydney,
Australia,
The Ritz-Carlton
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