French hotelier Accor unveiled plans for three new hotels in Sydney, with new hotel developments in Sydney Olympic park. A luxury Pullman and a budget Formule 1 and an Ibis hotel on King St Wharf.
The Ibis Hotel with be the only new hotel development in the Sydney CBD this decade, with the launch of the hotel in the second half of 2008. While Accor’s Pullman Hotel in Sydneys west will be its first in Australia.
The new Ibis will be part of a combined retail and hotel development that will cover approximately 1490 square metres of prime real estate on the corner of Shelley and Erskine Streets at King Street Wharf. The entire project will cost close to $30 million.