A new hotel featuring a 10-level hanging garden will open in Central Sydney in 2020, reportedly worth around $61 million.
Chinese development company Linzhu has confirmed a deal with InterContinental Hotels Group (IHG) to open the 17-storey Holiday Inn hotel at 430 Pitt Street next to Belmore Park and the Capitol Theatre.
With 305 rooms, the flagship hotel is the largest midscale property in the Sydney CBD pipeline and will feature a design-led restaurant, terrace bar and 120 seat meeting space. The hotel will be part of a mixed use development that will include a 1,000 sqm private art gallery and a retail concourse.
The tower will feature a sloping roof and “green waterfalls”. The hotel will feature easy access to George Street light rail, Central Station and Sydney’s new Convention Centre.
Jing Wen Lin, Director at Linzhu commented: “The property will be a jewel in the Sydney CBD landscape with its unique wedge-shaped design and green flowing rooftops. Sydney continues to experience significant demand so it’s a great time to be opening a new hotel, and I can’t imagine a better partner than IHG nor a better brand than Holiday Inn to make the most of this rare space.”
Karin Sheppard, Chief Operating Officer at IHG added: “We pride ourselves on bringing joy to travel by putting guests at ease, being accessible for all and proactively looking for ways to make every guest’s stay more memorable. The Holiday Inn Sydney Central will be a place of joy, relaxation and conversation for visitors to Sydney, whether they are on the trip of a lifetime, a family holiday or just business.”
IHG currently has 26 hotels operating under four brands in Australia: InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express.