Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced plans to debut its iconic Sheraton brand in South Australia with the signing of the Sheraton Adelaide. Owned by the Makris Group, South Australia’s largest privately owned retail property group, Sheraton Adelaide will form the centrepiece of a mixed-use development including luxury residential apartments, office and retail space located at 88 O’Connell Street.
“Starwood’s second hotel signing in Adelaide this year further demonstrates our robust pipeline and growing footprint in Australia and the Pacific region,” said Sean Hunt, Regional Vice President, Starwood Hotels & Resorts, Pacific. “As one of the most global brands in our portfolio, the Sheraton brand continues to experience accelerated international growth. Our recently announced Sheraton 2020 10-point vision will see us add more than 150 new hotels by the year 2020 across the globe, and the signing of Sheraton Adelaide is an important step in building that momentum here in Australia.”
Sheraton Adelaide Hotel will offer 160 modern guest rooms and two dining venues along with a range of leisure facilities, including a state-of-the-art fitness centre and indoor swimming pool. Business guests will enjoy a range of innovative work spaces and meeting rooms, including a 300-square-meter ballroom and a total of 700 square meters of function space, as well as an additional pre-function area.
Located on one of Adelaide’s most affluent boulevards, Sheraton Adelaide sits within a new luxury residential, retail and hotel development at the long-vacant former Le Cornu site on O’Connell Street – a hub of restaurants, cafes, pubs and boutiques, lined with striking Victorian architecture.
“Sheraton Adelaide will be the new heart of O’Connell Street, providing a quality legacy for current and future generations,” said Con Makris, Executive Chairman for the Makris Group. “The Sheraton brand is an ideal fit for the location and our overall vision; we’re delighted to welcome a brand that matches the stylish yet welcoming atmosphere we aim to create.”
Set to be an iconic development, 88 O’Connell Street includes the new Sheraton hotel and a 16-story apartment tower, along with a diverse mix of retail stores and restaurants, all spread over eight buildings linked by a piazza and gardens. The development will bring a new and dynamic environment for locals and visitors alike, to work, play and recharge amongst the sophisticated surroundings of North Adelaide.
“We’re committed to strategically selecting destinations and partners for our hotels that will positively reflect the brand’s values and offer favourable owner returns,” said Andrew Taylor, Director of Acquisitions and Development, Starwood Hotels & Resorts, Pacific. “Starwood is known for its distinct and compelling lifestyle brands, and the new Sheraton Adelaide will further enhance the lifestyle and experience North Adelaide already offers.”
For a video flythrough:
https://vimeo.com/141122120 (password is sheraton)
For more information please visit www.sheraton.com
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