Sydney to get new rooftop bar as InterContinental hotel gets $110m makeover
Guests included former US President Bill Clinton, actor Matt Damon and Winfrey, staying in the penthouse suite in 2010 when she brought 302 guests on a seven-night trip to Australia.
Plans in 2019 for a ballroom are on hold due to the COVID-19 pandemic while owner Mulpha Australia completes this phase of the renovation.
“Our investment in InterContinental Sydney will ensure that this iconic hotel continues to receive the recognition and celebration it deserves,” said Mulpha Australia Managing Director Greg Shaw.
“With work underway at Circular Quay and the launch of the vibrant Quay Quarter, we are delighted to be part of the visionary new neighborhood that is taking hold at this end of town, providing a local and international calling card for generations to come.”
Sydney’s hospitality industry reported stable occupancy of 65.1% in May, while room rates fell slightly from the previous month, according to preliminary data from hotel research agency STR.
The Vivid Sydney event pushed daily occupancy across the city to an average of 82.8% in May and pushed room rates up 10.7% to an average of $305.18 per night.
Excluding the one-time event, the average daily room rate was $233.96, which translated to a revenue per available room (RevPAR) for hotels of $152.32.
In Darling Harbour, it is the third lucky developer Greaton, who has appointed builder Multiplex to complete the billion-dollar Ribbon project, including the 585-room luxury W Sydney hotel, the IMAX theater and shopping areas.
Multiplex was named after the previous builder, Probuild, took over. Probuild had been appointed to replace Grocon, the original builder, in 2021.
It is largely complete, with the internal layout now the focus, together with the work of contributing the public realm to the Darling Harbor precinct.
Multiplex regional general manager David Ghannoum said the group built the original IMAX theater 25 years ago, “so it is with great pride that we support Greaton in bringing this reimagined project to fruition.”
The eye-catching curved 25-story Hassell-designed building sits between two elevated sections of the city’s Western Distributor Freeway at the southern end of the waterfront compound. It will offer guests a rooftop swimming pool with new bars and outlets on the ground floor.