Meriton Serviced Apartments has overtaken the Abu Dhabi Investment Authority (ADIA), which bought the Tourism Asset Holdings portfolio in 2013.
The Meriton Serviced Apartments ascendency has come with the opening of 254 new suites at Church Street, Parramatta, taking the luxury portfolio to 4403 suites in Sydney, Brisbane and the Gold Coast.
Meriton Serviced Apartments is poised to widen its lead over the ADIA portfolio of 4096 hotel rooms and to cement its place as the nation’s fastest-growing hotel operator – it has opened three new all-suite apartment hotels in the past two months, with one more to come in a couple of weeks’ time.
That move will lift the number of its suites to 4621 spread across 18 hotels. Leading the way in this expansion are the owner and founder of the Meriton Group, Harry Triguboff AO, and the general manager of the serviced apartment division, Matthew Thomas.
Meriton Serviced Apartments soon is to introduce the newest hotel in North Sydney, a property that will offer high-rise hotel accommodation and breathtaking views across Kirribilli and Neutral Bay, of Sydney’s iconic harbour and east toward the beautiful coastline.
Meriton Serviced Apartments, with many of its hotels, plus its 23 Penthouse Collection suites, awarded a five-star rating by Star Ratings Australia, is constantly striving to improve its products and services.