This article in the Sydney Morning Herald highlights the drivers behind increasing investment in the tourism and hotel sector.
Incorporating hotels as part of mixed-use developments, taking advantage of particular planning controls and capitalising on burgeoning tourism markets are key ways that investors are achieving success. As the statutory approvals environment changes and evolves (see our post regarding the City of Sydney’s new LEP here), it is crucial that investors and developers work with expert and experienced professionals to successfully secure approvals that are both commercial and deliverable.
Essence is currently working on two hotel developments in Sydney’s CBD that are being driven by foreign capital investment. Our key executives have extensive experience of development in the tourism and hospitality sectors including the Sydney International Convention Exhibition and Entertainment Precinct, 161 Sussex Street and the Sydney Fish Market.
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Essence Project Management Pty Ltd provider of Project Direction, Client Representation, Project Management, Independent Certification, Development Management and Superintendency services in Australia