Crowne Plaza will expand its Australian network into the Sydney CBD with the signing of an agreement for a new 160-room hotel which is expected to have significant appeal for the business events sector.
The deal between InterContinental Hotels Group (IHG) and Beijing-based development company Ausbao Ltd will see the hotel open in 2019, in close proximity to International Convention Centre Sydney, the Darling Quarter and the Barangaroo South Precinct.
It will feature a range of business and meetings facilities including five meeting rooms and a 24-hour business centre.
Matthew Tripolone, Head of Development, Australasia, IHG said: “With the strategic expansion of the Crowne Plaza brand into the Sydney CBD we looked to work with partners who understand our brand, and we’re delighted to be working with Ausbao due to their track record of success with hospitality and mixed-use projects,” IHG head of development Matthew Tripolone said.
“Sydney’s CBD is undergoing some exciting redevelopment and the location and proposition of the new Crowne Plaza Sydney Darling Harbour will make it a leading choice for both business and leisure guests. The hotel will form part of an exciting mixed use development in a strategically important growth corridor within the Sydney CBD.”
Ausbao managing director Jason Gao described it as “great time” for this type of investment.
“Sydney as a meetings and tourism destination continues to show positive growth, and new developments within the city will help support this,” he said.
