Premier of South Australia, Jay Weatherill MP, has announced that a new Sofitel Luxury Hotel will be built in Adelaide’s CBD – the first internationally branded luxury hotel to be built in the city in nearly three decades.
Adelaide developer and investor, Palumbo, will develop the new hotel in the heart of the city on Currie Street and has signed an agreement with Australia’s largest hotel operator, Accor, who will manage the hotel under its luxury Sofitel brand.
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 the tallest residential development 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. It will also 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 per cent in occupancy while RevPAR grew by 5.5 per cent. This growth is being fuelled by investment in infrastructure projects such as the Adelaide Oval and Convention Centre.”
Managing Director of Palumbo Pty Ltd, Daniel Palumbo, said that the process to identify a hotel partner for 106 Currie Street took over a year to conclude and involved the world’s leading hotel brands. The project is expected to create hundreds of jobs during the construction phase, and ultimately it will employ around 145 people once operational. Construction will begin in 2017.
21 April 2015
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