A development application has been submitted to the Bayside Council in Sydney for approval to build a $ 130 million Australian “gateway hotel” at 210 O’Riordan Street, Mascot, comprising 12 floors and 224 rooms.
The application was filed by a joint venture made up of real estate investment group Boston Global, in conjunction with investment management firm Atlas Investment Corporation and construction firm Hickory. Together, Boston Company Atlas Hickory identified an opportunity to develop the hotel just outside the entrance to the Sydney Airport Domestic Terminal.
The plans submitted show the hotel located on a site at the corner of O’Riordan and Robey streets in Mascot, intersecting Baxter Road and located 850 meters from the entrance to the airport compound. The hotel, if developed, will be across from Marriott International’s Moxy Sydney Airport, which has now started construction.
Additional facilities at the proposed hotel will include a rooftop lounge with restaurant and bar overlooking the airport runways and Sydney CBD, with branding and advertising signage opportunities attached to the roof. The hotel itself will include a fitness and wellness facilities, conference and meeting rooms with retail options on the ground floor.
According to the documents submitted, the plans call for 128 king rooms, 72 twin rooms, 14 twin rooms and 10 accessible functionality. The bedrooms would consist of levels 5 to 11 with conference space and other lounges and dining areas from the ground floor to level 4.
Hickory Director Michael Argyrou said he was excited to be working with Boston Global and Atlas on this upscale hotel development.
“The project will provide exceptional amenities to the region and welcome domestic and international travelers when completed in 2024.”
Atlas founder and director Alexander Rodakis added his joy that the company could advance the app with the support of its two partners.
“As we emerge from these difficult times, this project represented an opportunity to secure a well-located site with great potential and an investment in our local economy,” he said.
“This project is an important development for the region, with a high quality offering in an important gateway location, which will be seen by international and domestic travelers both inside and outside the airport of Sydney. “
Construction schedules show plans for an 18-month construction starting in August 2022 and ending in March 2024, in line with the expected return of pre-pandemic domestic and international travel volumes.