Australia’s largest serviced apartment group Quest Hotels have lodged an application for the construction of an eight-storey hotel in Parramatta.
Quest was taken over last year by Singaporean accommodation group Ascott Limited, a subsidiary of real estate giant CapitaLand. Ascott Limited acquired 60 per cent of Quest for $193 million – bringing their ownership of the business to 80 per cent.
The proposed hotel’s site has its main street frontage to Victoria Road.
As Parramatta prepares for population growth of almost 150 per cent in the next 20 years, Quest’s proposal will offer a mixture of 39 studio and one-bedroom rooms, café, bar, meeting room, offices, lobby and valet parking services.
The proposal also includes two levels of basement car parking, with a car lift providing access to Palmer Lane at the rear of the site.
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Quest’ has declared in the proposal their intention to operate the hotel should it be approved – an act of foresight as Parramatta undergoes a major transition, where the bulk, scale, form and height of buildings is changing from low to medium rise to high-rise mixed use development as a result of increasing population and investment.
The biggest indication of Parramatta’s growing prominence was the recent announcement of the $20 billion plan to transform Western Sydney.
This includes the new airport, an aerospace institute, North-South rail link and other infrastructure plans that will cater for the region’s population growth expected to reach three million by the early 2030s.
Parramatta is waiting for several other hotel and short-term accommodation developments, including a Marriott Starwood hotel which was proposed by JZL Properties in late 2017.
Their proposal included a 24-storey 4.5-star hotel building at 89 George Street Parramatta comprising 300 rooms, restaurant and bar, ballroom and 60 above ground car parking spaces.