Singapore-backed developer Cienna Group has lodged detailed design plans with the City of Sydney for a new 11-storey laneway hotel in Surry Hills.
Projected to cost around $39 million, the proposal features a 95 room hotel along with facade upgrades to the existing Cambridge Hotel which is located on the same block and is also owned and managed by Cienna.
Cienna purchased the full 1,091sq m block — at 208-218 Riley Street — for $22.3 million in 2002 and took over management rights to the Cambridge in 2003.
The developer also owns the smaller neighbouring Adge Hotel at 220 Riley Street.
The proposal for a new hotel received conceptual approval in late 2017 from local government with the developer then electing to run a competitive design process.
A selection panel awarded architecture firm Tzannes the project in mid-2018, stating their proposal would “give the hotel a unique identity and branding within its urban context”.
The selection panel also noted the importance of the integration of an elevated “green roof” and hanging gardens to the Cambridge’s podium as key to achieving design excellence.
If approved, the new hotel will add an additional 8,600sq m of short stay accommodation to an already booming boutique hotel market.
According to research conducted by Colliers, in the past six years the proportion of boutique hotels nationally has risen from 3 per cent to 10 per cent.
Sydney alone have seen the completion of nine boutique hotel projects in the last six years with more currently under construction.
Research from hospitality consultancy Horwath HTL’s states around 4600 hotel rooms – across all hotel types – will be added to the Sydney market by 2022.
According to Horwath, 2400 rooms across 17 hotel projects were delivered in Sydney within the last 12 months.
Cienna are yet to indicate a proposed timeline for the new hotel which is currently pending approval.