Park Hotel Group Signs First Hotel in Australia

Park Hotel Group has signed its very first hotel in Australia.

In an hotel management contract with Pirie Investments (AUS), the Park Hotel Adelaide is scheduled to open in the last quarter of 2018.

“Park Hotel Adelaide marks a significant milestone for Park Hotel Group. We have been looking to expand into Australia for a while and this collaboration presents an exciting opportunity for us to do just that,” said Mr. Allen Law, Chief Executive Officer of Park Hotel Group. “Adelaide has seen a massive expansion of convention facilities, the medical precinct and the Riverbank and Adelaide Oval development and represents tremendous growth opportunity. Increased flight connectivity, strong event calendar and continued growth of the Chinese and Asian markets would also drive record visitorship. We are extremely optimistic about Adelaide’s tourism prospects.”

Located in the heart of Adelaide’s Central Business District, the 250-key new build Park Hotel Adelaide is a short 20 minutes’ drive from Adelaide International Airport. The hotel is also easily accessible via other major transportation with the Adelaide Railway Station and Central Bus Station a stone’s throw away.

The hotel will be part of a mixed-use development that also features 280 private residences.

Designed by award-winning GHD Woodhead, the project will integrate modern spaces into one of the city’s most iconic heritage landmarks.

In addition to 250 guest rooms and suites, Park Hotel Adelaide will feature a concept café and bar as well as recreational facilities including a gymnasium and swimming pool.

Construction on the 30-storey development is expected to start early 2017, with the creation of over 200 construction jobs and the hiring of over 40 consultants as a result of the project. A further 100 jobs will be created on completion.

“This is a coup for South Australia – another upscale city hotel will boost our $5 billion tourism industry and support the more than 33,000 people it employs,” said The Hon Martin Hamilton-Smith, Minister for Investment and Trade, Minister for Defence Industries and Minister for Veterans’ Affairs, South Australia. “A $175 million development will be a positive addition to our vibrant city and highlights the potential benefits of engaging with international investors.”