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Sydney’s Transformation Continues

Release Date: 30/07/2015
The Sydney Business Chamber says the beginning of construction on Sydney’s largest five-star hotel at Darling Harbour will further enhance Sydney’s status as a global city.
The Executive Director of the Sydney Business Chamber, Patricia Forsythe said, “Continued investment in the Darling Harbour precinct represents one of the best opportunities for Sydney to remain globally relevant in the highly competitive market for international convention and business events.
“As recent trade data from the ABS and new research from Barclays suggests, tourism is a major contributor to Australia’s growth.
“Investment in our business tourism assets therefore makes sense, and Sydney having a new hotel located beside the harbour will grow our competitive advantage, as a city where many of its key tourist assets are remarkably close together.
“The hotel is yet another development that is opening up the Western Harbour precinct as a key business, tourist and creative industry hub.
“Cities across the world want to capture what Sydney has, and we must continue to invest in infrastructure to remain a world-leader in delivering major events.
“Already more than one in four visitors to Sydney come for business, the potential for this number to grow with the new International Convention Centre and adjacent hotel coming to market, represents one of the best opportunities for Sydney to promote itself as a major business event destination.
“LendLease is at the heart of many of the projects that are transforming Sydney, and this new development, to be operated by AccorHotels as a luxury Sofitel hotel, will add another diamond in Sydney’s crown.
“As the largest luxury hotel development in Australia, adding a further 215,000 annual room nights to the Sydney market, this new hotel will complement the State Government’s continued investment in Darling Harbour and help generate ongoing tourism and economic benefits to the city and State,” said Mrs Forsythe.
Media contact: Patricia Forsythe 0418 165 466 or Kate Bryant 0424 186 367

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