Quest Apartment Hotels has opened its first New South Wales property for 2016 - the brand new Quest St Leonards at 10 Atchison Street in the lower North Shore suburb of Sydney.
Quest St Leonards is the first of three new Quest properties scheduled to open in the capital city this year, to be followed by Quest Bella Vista in June and Quest Macquarie Park in December.
Quest CEO, Zed Sanjana emphasised the importance of the Sydney market in the company's growth strategy looking forward.
"Sydney continues to be a key growth market for Quest, as we continue increasing our presence, strengthening our brand and cementing our position as the accommodation provider of choice for travellers doing business and spending their holidays in New South Wales," said Mr Sanjana.
"According to STR Global data from the September quarter 2015, occupancy in Greater Sydney increased to almost 86% - positioning the city as the top performer in Australia's hotel market. This demand is simply not being met by supply - an issue we are addressing with the three properties scheduled to open this year.""Quest St Leonards is located within a triangle of prominent commercial centres of Sydney - the CBD, North Sydney, and Chatswood - with a growing number of national and international companies choosing to base themselves in these areas.""I am looking forward to considerably growing Quest's presence in Sydney, expanding our offering in 2016 to include St Leonards, Bella Vista and Macquarie Park," he said.
One of Sydney's suburban skyscraper clusters, St Leonards provides a central access point to three of Sydney's key business hubs, positioned 5 kilometres from the CBD, 2 kilometres from North Sydney, and 3 kilometres from Chatswood.
St Leonards' own commercial centre continues to expand, providing one of the largest office markets in metropolitan Sydney, while establishing the area as an important employment centre for the North Shore and Sydney. Key economic drivers include professional, scientific and technical services, health care, and manufacturing.