Date: August 2018
Location: Chippendale, Sydney, Australia
Name: Four Points by Sheraton Sydney, Central Park
No. of Keys: 297, incl 2 suites
Seller: The development is a multi-stage AUD$ 2 billion Central Park Development, a joint venture between Frasers Property Australia and Sekisui House Australia.
Buyer: In October 2018, the 15,000-square-metre building will be handed over in October 2018 to hotel mogul Jerry Schwartz, whose portfolio also includes the Sofitel Darling Harbour, who paid $156 million for the Chippendale property.
“Four Points by Sheraton Sydney, Central Park will offer travellers an easy-going and inviting experience in one of the city’s most bustling locations.
The hotel has been designed for the independent traveller seeking balance on the road, offering guests timeless style, genuine service and all the amenities they need to stay productive,” says Bernhard Langer, General Manager, Four Points by Sheraton Sydney, Central Park.
The downtown Sydney hotel includes an al fresco bar; modern restaurant; over 553 square metres of function space, consisting of flexible rooms and an elevated outdoor terrace; a fitness centre; and convenient parking facilities.
Contemporary cuisine at Central Quarter restaurant, with direct access off Broadway, outdoor dining and an open kitchen. Also at street level, Malt Bar will offer a relaxed venue to enjoy a local Best Brew from a selection of craft beers, spirits and wines, paying homage to the nearby heritage-listed Kent Brewery.
Situated in the Eastern Tower on the corner of Abercrombie and Broadway.
“Four Points by Sheraton Sydney, Central Park will open up a vibrant and unique Sydney hub to interstate and international visitors.
We’re delighted to be able to showcase the world-class retail and dining offerings which, up until now, have been exclusive to local residents or people in the know,” says Mick Caddey, Project Director, Frasers Property Australia.
Four Points by Sheraton Sydney, Central Park was designed by award-winning British architectural firm, Foster + Partners, with a vision to honour and enhance the local area.
“We’ve designed Four Points by Sheraton Sydney, Central Park to integrate seamlessly with Central Park’s beautiful heritage buildings, existing residential areas and eco-conscious sustainability initiatives.
We created a space that is modern by design yet is well-suited to the independent traveller who wants to stay, dine, drink, work and play how a local Sydney-sider would, ensuring guests feel completely at home,” says Ross Palmer, Senior Partner, Foster + Partners.
THPT Comment: The upcoming opening of the Four Points hotel marks the brand’s return to the harbour city, following Hyatt Regency’s replacement of the Four Points by Sheraton at Darling Harbour in late 2016, after a 16-year stint. Starwood will also open a Four Points by Sheraton in Parramatta with 271 rooms in April 2020.