New $60 million Rydges Hotel approved for Port Adelaide waterfront
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New $60 million Rydges Hotel approved for Port Adelaide waterfront
Developer CK Property Group has had their 180-room Rydges Hotel approved by the State Commission Assessment Panel.
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CK Property GroupAn artist's impression of the exterior of the hotel.
A new hotel designed to service South Australia's high-tech defence industry is a step closer after being given the tick of approval from the State Commission Assessment Panel.
With a waterfront location on the banks of the Adelaide River, Rydges on the Wharf Port Adelaide will be the closest hotel to where contracts for the $50BN Attack class Submarines and $30BN Hunter Class Navy Frigate are based, both of which are expected to last well over 30 years.
The venue, which has an end value of $60 million, will also service the nearby Technology Park and Edinburgh Defence precinct, as well as the other 7,000 businesses spread over 7,000 hectares of employment lands surrounding Port Adelaide.
Event Hospitality & Entertainment Limited (EVENT) had earlier announced it has entered into a conditional management agreement with CK Property Group for a new Rydges Hotel on the Wharf at Port Adelaide.
At a glance:
- Developer CK Property Group has had their 180-room Rydges Hotel approved by the State Commission Assessment Panel.
- The six-storey, 180-room hotel would feature a restaurant and bar, as well as an open terrace area with outdoor dining.
- Rydges on the Wharf Port Adelaide will be the closest hotel to where contracts for the $50BN Attack class Submarines and $30BN Hunter Class Navy Frigate are based, both of which are expected to last well over 30 years.
Sitting on the last remaining, largely undeveloped heritage port area in any Australian capital city, Rydges Port Adelaide will feature 180 rooms, conference and meeting facilities with locally inspired restaurants and bars.
Norman Arundel, Hospitality and Entertainment Director of EVENT Hotels and Resorts, said the rapidly growing defence sector would provide strong demand for this project.
"We look forward to Rydges becoming an integral part of the local community," he said.
“EVENT also has enormous enthusiasm for South Australia’s vibrant Tourism and Travel sector.
"We recently opened the highly successful Atura Adelaide Airport and have also announced the existing QT brand will be coming to Adelaide.
"Rydges Port Adelaide will be our third Rydges Hotel in South Australia.”
Rydges at the Wharf Port Adelaide is expected to feature a French-inspired restaurant to be named ‘Black Diamond’ in honour of the historic name for the region.
CK Property Group joint Managing Director Walt Coulston said renowned architect Brown Falconer had been engaged to create an iconic waterfront hotel design "which would help revitalise Port Adelaide", adding that respecting the area's history was paramount to the project, as was catering to the NAVAL Group, whose new head offices are to be located not far from the new waterfront hotel.
"Our focus will not only be on providing much needed high-quality accommodation to the nearby Defence Sector, but also to create new amenity in the form of alfresco dining and various wine bars for everyone to enjoy," he said.
"Event is the perfect partner for us, and we look forward to working closely with them to the benefit of all involved”.
Source: CK Group
South Australian Tourism Commission Chief Executive Rodney Harrex said the announcement was a major boost for the ongoing renewal of Port Adelaide.
“We are very proud of our relationship with the CK Property Group and Event Hospitality & Entertainment and their commitment to invest in South Australia,” he said.
“Port Adelaide is seeing tremendous growth in business and leisure investment.
"We look forward to working with the team at Rydges Port Adelaide to support this new accommodation development.”
Further details regarding Rydges Port Adelaide will be announced soon.
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