M&L Hospitality’s development of the Four Points by Sheraton Sydney, already the largest hotel in Australia by room number, will add a third tower and a further 230 rooms.
The design has been approved by the NSW Department of Planning and Infrastructure. The development is expected to be completed within two years of building, commencing early 2014.
The Singapore-based real estate investment firm has engaged leading Australian architects, Cox Richardson Architects, and Brookfield Multiplex has had early contractor involvement on the project.
The new development includes 4810m² of pillar-less convention, exhibition and function space designed by Bates Smart, providing an exceptional event venue in the heart of Sydney. It will also address the shortage of event space during the remake of Sydney’s International Convention, Exhibition and Entertainment Precinct. Along with the new hotel rooms, the new tower will also be occupied by a spectacular A-grade boutique office component – as part of the project’s 5000m² seven-floor commercial development.
M&L Hospitality is backed by the prominent Singapore-based Kum family and headed by a leadership team experienced in the hotel industry. Michael Kum, chairman of M&L Hospitality, said, “We’re delighted that M&L Hospitality has been given the green light to begin the transformation of the Four Points by Sheraton Sydney. Our remarkable development will refresh Sydney’s hotel, event and commercial landscape. The significant investment we’re making is a direct result of the level of confidence we have in both Sydney and the Australian hospitality market.”
The Four Points by Sheraton Sydney was the first of M&L Hospitality’s four hotel investments in Australia. Its other Australian properties are the Swissôtel Sydney, Travelodge Docklands, Melbourne and Citigate Melbourne.
Located in Sydney’s central business district with magnificent views over Darling Harbour, the Four Points by Sheraton Sydney, Darling Harbour is a short distance from the major entertainment and shopping districts, including Pitt Street Mall, Queen Victoria Building and Chinatown.
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