IIG – Four Points by Sheraton Sydney Hotel – New South Wales
Impact Investment Group (IIG) is planning to build a hotel in Sydney, New South Wales, Australia.The project involves the construction of a 297-room hotel. It includes the construction of a bar and lounge with an outdoor terrace, a restaurant, 550m2 of function space, a fitness center, meeting rooms, conference facilities, parking and related facilities.Foster + Partners has been appointed as architect.In June 2016, construction activities commenced. On June 15, 2016, Frasers and Sekisui signed a management agreement with Starwood Hotels & Resorts Worldwide, Inc (Starwood). Starwood will operate the hotel under its Four Points by Sheraton brand.On April 20, 2017, Frasers and Sekisui entered into option agreements with Impact Investment Group (IIG) for the sale of the hotel.The hotel is scheduled to open by mid-2018.Stakeholder Information: Planning Authority: City of SydneyArchitect: Foster + PartnersManagement Contract: Starwood Hotels & Resorts Worldwide, IncContractor: Frasers Property Australia Pty Ltd, Sekisui House Australia Holdings Pty Limited
Scope
The Four Points by Sheraton Sydney project involves the construction of a 297-room hotel in Sydney, New South Wales, Australia.The US$150 million project includes the following:1. Construction of a bar and lounge with an outdoor terrace2. Construction of a restaurant3. Construction of 550m2 of function space4. Construction of a fitness center5. Construction of meeting rooms6. Construction of conference facilities7. Construction of parking facilities8. Construction of related facilities
Key Highlights
Impact Investment Group (IIG) is planning to build a hotel in Sydney, New South Wales, Australia.The project involves the construction of a 297-room hotel. It includes the construction of a bar and lounge with an outdoor terrace, a restaurant, 550m2 of function space, a fitness center, meeting rooms, conference facilities, parking and related facilities.Foster + Partners has been appointed as architect.In June 2016, construction activities commenced. On June 15, 2016, Frasers and Sekisui signed a management agreement with Starwood Hotels & Resorts Worldwide, Inc (Starwood). Starwood will operate the hotel under its Four Points by Sheraton brand.On April 20, 2017, Frasers and Sekisui entered into option agreements with Impact Investment Group (IIG) for the sale of the hotel.The hotel is scheduled to open by mid-2018.Stakeholder Information: Planning Authority: City of SydneyArchitect: Foster + PartnersManagement Contract: Starwood Hotels & Resorts Worldwide, IncContractor: Frasers Property Australia Pty Ltd, Sekisui House Australia Holdings Pty Limited
Reasons to Buy
Impact Investment Group (IIG) is planning to build a hotel in Sydney, New South Wales, Australia.The project involves the construction of a 297-room hotel. It includes the construction of a bar and lounge with an outdoor terrace, a restaurant, 550m2 of function space, a fitness center, meeting rooms, conference facilities, parking and related facilities.Foster + Partners has been appointed as architect.In June 2016, construction activities commenced. On June 15, 2016, Frasers and Sekisui signed a management agreement with Starwood Hotels & Resorts Worldwide, Inc (Starwood). Starwood will operate the hotel under its Four Points by Sheraton brand.On April 20, 2017, Frasers and Sekisui entered into option agreements with Impact Investment Group (IIG) for the sale of the hotel.The hotel is scheduled to open by mid-2018.Stakeholder Information: Planning Authority: City of SydneyArchitect: Foster + PartnersManagement Contract: Starwood Hotels & Resorts Worldwide, IncContractor: Frasers Property Australia Pty Ltd, Sekisui House Australia Holdings Pty Limited
Key Players
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