AccorHotels, in partnership with real estate developer Shanghai United, has announced that a new-build luxury boutique MGallery by Sofitel hotel will be built in Sydney CBD’s Castlereagh Street, following an official signing ceremony on Wednesday 24 May.
The new-build $120-million luxury hotel will be located on the corner block of 110-118 Bathurst and 203 Castlereagh Streets as part of a $380-million mixed-use development. The project will comprise a new-build 36-storey tower with a 121-room hotel housed over Levels 1-9 with 131 residential apartments above on Levels 10-34.
Designed by Candelapas & Associates architects, The Porter House Hotel, MGallery by Sofitel and residential apartments will interweave the existing 1870s Heritage-listed Porter House adjacent to the tower, which will be thoughtfully redeveloped as part of the project.
The Porter House will feature four levels of additional facilities, including lobby, pool and fitness centre, two restaurants, a fourth floor bar with roving art gallery, meeting and private dining facilities and a business centre. Valet parking will also be provided for all cars.
The 121 guest rooms and suites in the new tower will take their cue from the heritage building with thoughtful use of materials and detailing, including beautifully stitched rich leathers, bronze glass round showers, polished metal accents, timber and heritage-inspired decorative tiles.
COO Pacific for AccorHotels, Simon McGrath, said: “We are thrilled to develop a new strategic partnership with Shanghai United on this landmark development for Sydney’s CBD … The Sydney hotel sector is the strongest in Australia with consistent occupancy levels in the mid-high 80% range and average rates growing sharply. This new MGallery by Sofitel hotel will stand to greatly benefit from the tourism and infrastructure boom we are currently seeing with projects such as the International Convention Centre and light rail development.
Construction on The Porter House Hotel, MGallery by Sofitel will commence in early 2018 with completion expected in December 2020.
The new Porter House Hotel, MGallery by Sofitel will complement the existing Harbour Rocks Hotel in the city and join a network of over 10 MGallery by Sofitel hotels across Australia and New Zealand and over 80 worldwide.