Sat, 27 February 2016

The Star Sydney Unveils $1 Billion Development Plans

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 propertys 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 Stars accommodation offering beyond 1000 rooms. We are planning to develop the project in a joint venture with our successful partners from Queens 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 hotels Spa included the addition of a mosaic aromatherapy heated steam room with salt water jacuzzi and a fitness facility with one of Australias 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 Sydneys reputation for quality and luxury. This growth in Australias 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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