News & Research

Three New Hotels For Sydney

With the Sydney CBD slowly coming back to life and international and domestic travel once again permitted, plans for three new hotels have been lodged with Sydney Council.

Just two weeks ago plans were lodged for the properties at 355-357 Sussex Street, Sydney. The recent development application seeks permission for the retention of the existing façade of 357 Sussex Street, the demolition of the remaining building and structures at 357 Sussex Street and all existing buildings at 355 Sussex Street, Sydney. Following would be the construction of a new 18-storey hotel with food and drink premises; development costs have been estimated at $58.3 million.

A few doors down is Transport House, a five-storey commercial building at 388-390 Sussex Street. Owner, private company Taurus Aurum Lin Pty Ltd, purchased the property for $29.15 million in 2019. They have lodged plans for the demolition of the existing building and construction of a hotel with a restaurant and bar at an estimated cost of $37 million. The 15-storey hotel would comprise 146 rooms across levels 1-12 with covered external terrace areas located on levels 4 and 13.

Not wishing to waste an inch of prime land after purchasing 323 Castlereagh Street at Haymarket for $325 million in 2019, LaSalle Investment Management Australia has lodged plans for a $45 million ‘skinny’ hotel to sit on the part between their 1970s commercial office building and the Belmore Park substation. The 17-storey hotel will have 144 hotel rooms and retail tenancies on the ground floor and will apparently be only 9 metres wide!

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