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 Accor is to expand its portfolio of hotels in 
			  Australia with a new Sofitel hotel in Adelaide’s CBD. Adelaide developer and investor, Palumbo 
			  will develop the new hotel on Currie Street, in the heart of the 
			  city. The $140 million hotel development is 
			  scheduled to open in 2018. The hotel will be the sixth Sofitel in 
			  Australia and the first in South Australia. Sofitel Adelaide will form part of Palumbo’s 106 
			  Currie Street development, a 32-storey tower that will be one of the 
			  tallest residential developments in South Australia.  The tower will 
			  comprise 80 apartments over the top eight levels with the 
			  remaining floors comprising the hotel’s suites and facilities. 
			   Sofitel Adelaide will include 250 rooms and suites, with extensive 
			  leisure and business facilities, including a restaurant, four 
			  bars, ballroom, swimming pool, health and fitness centre, meeting 
			  and conference rooms and a signature Sofitel Club Lounge. Chief Operating Officer Accor Pacific, Simon 
			  McGrath said,
			  “The demand into Adelaide’s visitor economy is growing despite new 
			  hotel supply entering the market last year, occupancy for the 
			  total market finished just under 80% in occupancy while RevPAR 
			  grew by 5.5%. This growth is being fuelled by investment in 
			  infrastructure projects such as the Adelaide Oval and Convention 
			  Centre.” The 
			  project is expected to create hundreds of jobs during the 
			  construction phase and employ around 145 people once operational. Construction will begin in 2017.Accor, 
			  
			  Sofitel,
			  
			  Adelaide,
			  
			  Australia
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