Property and hospitality group Mulpha Australia has received development consent from City of Sydney Council to redevelop 355-357 Sussex Street, Sydney into a 17-storey lifestyle hotel, comprising 272 hotel rooms together with ground floor restaurant and bar facilities.  Construction is expected to commence in the first half of 2024 with completion expected in mid-2026.

Originally a warehouse building likely to have been constructed in C.1916 for Foley Brothers Pty Ltd, the new development will partially retain the existing 5-storey building, including the existing heritage façade, and many elements which contribute to its character and presentation as a remnant building of a bygone era.

The hotel’s location at the southern end of Sydney’s CBD places it within walking distance to nearby to a range of key tourism attractions, including Darling Harbour, the Powerhouse Museum, the International Convention Centre, World Square shopping district and the Chinatown precinct.

Mulpha CEO Greg Shaw said “We are thrilled to receive approval for this new age hotel that will contribute to the ongoing rejuvenation of the southern CBD into one of the most vibrant areas of Sydney for visitors, residents and workers,”

“With the strong rebound in both domestic and international tourism, it is vital that we have shovel-ready projects to grow accommodation capacity and meet demand. Sydney is leading the way in the Australian accommodation industry with strong occupancy levels set to increase further as the international market exceeds pre-Covid levels in 2024 and beyond. As the gateway to Australia, more quality hotels will reinforce Sydney’s status as a global centre for business, finance and education, while supporting the construction sector and broader economy”.  

“This investment continues Mulpha’s long-term commitment to acquiring and developing high quality tourism and hospitality assets in key Australian destinations. We are advancing negotiations with global hotel operators to introduce new innovative hotel product for the Sydney market”.

The new hotel development will add to Mulpha’s existing Australian hospitality and tourism portfolio which includes InterContinental Sydney, InterContinental Sanctuary Cove Resort, InterContinental Hayman Island, Bimbadgen Winery Estate and the upcoming Palmers Lane Retreat in the Hunter Valley, which is due to open in October 2023.

Mulpha are also well advanced on a range of development projects including Norwest Quarter – comprising 184 high-end apartments at Norwest in Sydney, Harbour One – a prestige waterfront apartment project at Sanctuary Cove, Qld and Swing City – an innovative golf entertainment and hospitality concept in the Norwest Business Park. The Group is also an active investor in funds management, commercial real estate, real estate debt, hospitality, education, technology, car parking and childcare.

Related Mulpha Reading:

InterContinental Sydney enters a new era of luxury with the unveiling of its reimagined look and guest experiences

Hayman Island by InterContinental now open after $135m refurbishment