There has been so many positive news reports about hotel development in our city.
This news article details the new hotels to be built and the numbers of rooms that are about to be added to our stock.
Companies don't make multi million Dollar investment and expansion plans without doing their research.
The same is true for the billions of Dollars that is going to be spent at our airport precinct.
Yes, we may be in the midst of an economic downturn but thankfully there are people and organisations that are looking to the future.
New 245-room Holiday Inn Express hotel will be built in Hindley St
- BRAD CROUCH
- THE ADVERTISER
- APRIL 27, 2015 11:22AM
Sofitel hotels around the world
An artist’s impression of the new 245-room Holiday Inn Express hotel planned for Hindley St, Adelaide.
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ADELAIDE is to get yet another new hotel with Holiday Inn today announcing plans for a 245-room Holiday Inn Express in Hindley St.
The announcement follows last week’s announcement of a luxury $140 million, 250-room Sofitel Hotel for Currie St and after a swag of new hotels such as the Mayfair, Ibis, The Watson and two Quest developments have opened in recent months.Adelaide Casino also has plans for a luxury hotel as part of its redevelopment linked to the Riverbank.InterContinental Hotels Group and international investment company Pro Invest Group have signed a franchise agreement for the Holiday Inn Express which will open in 2018 at 62-68 Hindley St, on the corner of Blyth St.LC House now occupies the 1785 sq m site, which was offered for sale for $5.95 million plus GST.The site cashes in on the new Riverbank developments such as the upgraded Adelaide Oval, the $350 million expansion of the Adelaide Convention Centre, the casino redevelopment and the $3 billion Health and Bio-Medical Precinct housing facilities such as the new Royal Adelaide Hospital and the SA Health and Medical Research Institute.The hotel is the third to be signed under the master development agreement between IHG and Pro Invest, which will see the investment company develop 15 Holiday Inn Express hotels across Australia by 2025.ADELAIDE HOLIDAY INN EXPRESS
IHG spokeswoman Karin Sheppard said the development of the new Holiday Inn Express Adelaide is the latest in a series of milestones for IHG and partner Pro Invest.“The site is exactly the right location for the Holiday Inn Express guest and hits our strategy of bringing the brand to key Australian cities,” she said.“We know the domestic market will respond extremely well to this fresh and exciting brand and having a Holiday Inn Express in the CBD will be key as the increase in air connectivity between Adelaide and other key Asian cities continues.”Pro Invest spokesman Ronald Barrott said: “Adelaide in particular has seen some excellent occupancy in recent years and we are pleased to have secured this prime location in the city’s CBD for the third hotel in our portfolio.”Holiday Inn Express is a mid-priced chain focusing on limited services at a reasonable price for business travellers and short-term stays.The Adelaide development will include free Wi-Fi, a free express breakfast option or a “grab and go” morning snack, self-service business centre and laundry room, fitness centre and two meeting rooms for small functions and events.The number of hotel rooms in Adelaide has grown by more than 25 per cent since 2010 to now top 8000.However, occupancy rates remain strong due to factors including more direct flights to Adelaide Airport boosting business and tourism visitor numbers, as well as crowds flocking to football as well as cricket in the city and staying for longer than when AFL was at West Lakes.Hotel occupancy rates were up 6.6 per cent in June compared with the previous year.Overall occupancy rates were around 80 per cent last year while revenue per room grew by 5.5 per cent.New hotels to open recently
• Ibis on Grenfell St with 311 rooms;• The Mayfair on King William St with 170 rooms;• The Watson at Walkerville with 24 rooms;• Quest on Franklin with 117 serviced apartments;• Quest King William South with 100 serviced apartments.