Starwood to open Four Points by Sheraton Sydney by 2018
SYDNEY: Staiwood Hotels will complete the final piece of Frasers Property and Sekisui House’s $2 billion Central Park development near Sydney’s Central Station when it opens a new Four Points by Sheraton in 2018.
The $150 million hotel, designed by UK architects Foster + Partners, will be operated by Starwood under a long-term management agreement with its joint venture partners, Frasers Property Australia and Sekisui House Australia.
The 4.5-star hotel will have 297 guest rooms, an outdoor terrace, restaurant and nearly 550 square metres of function space. It will sit between two high-rise towers and front the main thoroughfare of Broadway, adjacent to the University of Technology Sydney.
Featuring towers by architects Sir Norman Foster and Jean Nouvel, Central Park is a mixed-use project on the site of the Old Kent Brewery, which since 2010 has been transformed into apartments, shops, laneways and public spaces.
The Four Points deal brings to eight the number of Starwood’s properties under development in Australia with a 273-room Four Points by Sheraton Melbourne Docklands and a 224-room Aloft Perth Rivervale set to open by next March. Other hotels under construction include Westins in Perth and Brisbane, the Sheraton Adelaide and W Brisbane.
The new Four Points hotel will re-establish the brand in Sydney. Starwood’s 16-year management of the Four Points by Sheraton at Darling Harbour will end on November 30, when the country’s largest hotel becomes an 892-room Hyatt Regency.
“With the International Convention Centre opening in 2016, we will be extremely well-placed with a new 4.5-star hotel nearby,” said Andrew Taylor, Starwood’s director of acquisitions and development in the Pacific.
“This is a record period of development for us and we will have a few more announcements to make in the near future.”
The announcement comes just a month before Starwood ‘s $US 13. 6 billion ($18.5 billion) merger with Marriott International is bedded down, creating the world’s biggest hotel group.
In Australia the merger will create arguably the country’s premier luxury hotel operator with brands like Ritz-Carlton, Marriott, Sheraton, W and Westin all under one roof. The group will be 10th-biggest overall with more than 5000 rooms.
In Sydney, it will put Starwood-Marriott in a strong position in the upper scale market with six hotels including the Sheraton on the Park, Westin Sydney, the Pier One Sydney Harbour, Autograph on Miller’s Point near the Harbour Bridge and the Sydney Harbour Marriott Hotel at Circular Quay.