The hotel is located at 18 O’Riordan Street, Alexandria, within the $13 billion, 278-hectare Green Square Urban Regeneration Area and is strategically located approximately 120 metres from the Green Square Train Station. The Sydney Airport Domestic and International Terminals are two and three stops respectively to the south; Central Station is one stop to the north and the CBD is just 5 kilometres away. 

Development of the hotel is a joint venture between Veriu Hotels & Suites, one of Sydney’s dynamic new boutique hotel brands, and Folkestone, an ASX listed real estate funds manager and developer. The joint venture pre-sold the hotel in November 2017 to the Folkestone Green Square Hotel Fund which intends to own the hotel long-term. Construction and fitout group, FDC, are undertaking the construction of the hotel.

Veriu Green Square is the first new build hotel for the Veriu group, who have created a growing network of bespoke hotels by converting former warehouse spaces and heritage buildings. It will be the fifth hotel in Sydney for Veriu, joining its network of city-fringe hotels located in Broadway, Surry Hills, Camperdown and Randwick.  

“This is an exciting development for Veriu and for this growing precinct. As Sydney’s infrastructure continues to develop there is a need for a quality accommodation option in this area to service business and leisure guests in close proximity to the CBD, sporting and entertainment facilities and the airport,” said Rhys Williams, Co-Director of Veriu Hotels & Suites.

The hotel will offer a lobby lounge bar, a restaurant offering a menu sourced from local produce, a gym, work space, and studio suite accommodation, catering to both short and long-term stays.  Direct access to the new Green Square town centre including retail outlets, community library and aquatic centre is all within walking distance from the hotel.

Folkestone’s Managing Director, Greg Paramor said, “We are delighted to have started construction of this hotel which will no doubt add to the vibrancy of the Green Square area and offer guests an inviting stay experience in a highly convenient location”.

This is Folkestone’s second hotel investment in Sydney following the acquisition of the Mercure Sydney International Airport Hotel in 2017. 

See also:

$150m Four Points by Sheraton hotel Sydney Central Park officially opens

New Little Albion Hotel opens in Surry Hills Sydney

$120m Little National Hotel Sydney Wynyard Station approved for Doma Group