Ritz Carlton coming to the Star Hotel and Entertainment Complex in Pyrmont.
The ASX listed Star Entertainment Group (ASX:SGR) have proposed a new 215 meter hotel tower on the existing Star Casino site in Pyrmont. The development will feature 220 premium rooms and 150 residences along with hotel conference facilities and a ballroom.
Designs have been revealed from three shortlisted architects including: BVN, Grimshaw and Francis-Jones Morehen Thorp. The designs will be assessed by a 5 person review panel, with the winner then receiving community feedback before proceeding with the final designs to the department of planning and environment.
The development will be going head to head with James Packer’s proposed six star casino at Barangaroo.
The Star Entertainment Group managing director Matt Bekier the group is proud to be working with The Ritz-Carlton and partners Chow Tai Fook and Far East on delivering – pending all necessary approvals – a six-star hotel and associated developments that will further enhance Sydney as a “compelling tourism destination”.
“We operate in a highly-competitive industry. To be at the forefront globally we need to invest and redevelop to ensure we create unforgettable experiences in one of the world’s great cities,” Mr Bekier said.
“Key to that are luxury hotels, and restaurant options that range from the best of high-end dining to readily accessible pop-ups, ensuring we cater to a broad range of price points for locals and tourists alike.
“Our development concept will take The Star’s room inventory to around 1000, bring The Ritz-Carlton back to Sydney and allow us to really enhance and increase our contribution to Sydney’s tourism offering.
“Sydney needs more quality hotels, and exciting entertainment and hospitality infrastructure if it’s to capitalise on the tourism opportunity which will be a long term growth driver for Australia.
“Equally, we are committed to the community engagement program we’re undertaking as part of the planning process for this development.”
The development will have a $500 million project value and is forecast to open in late 2020 or early 2021 if all the government approval processes run smoothly.
Star Casino design proposal 1, 2 & 3.
Location: Pyrmont, Sydney NSW.
Developer: Star Entertainment Group (ASX:SGR) https://www.star.com.au/
Development: 150 Apartments, 250 premium hotel rooms and conference + ballroom facilities in a 215 meter tower.
Star Entertainment Group | Ritz Carlton | off the plan apartments + hotel