Colliers and Savills Hotels are pleased to exclusively present the opportunity to acquire a prime hotel development site at 355–357 Sussex Street, Sydney offering the potential to deliver a high-quality lifestyle hotel in the heart of Sydney’s CBD.
Key Investment Highlights:
- Australia's Premier and Tightly Held Hotel Market:
Sydney represents Australia’s most sought-after hotel investment destination, underpinned by a strong and consistent trading track record. As the nation’s primary economic centre and international gateway, the market is characterised by limited availability of quality assets, resulting in highly competitive investment conditions.
- Prime Sydney CBD Location:
Strategically positioned within the Sydney CBD, the Property benefits from proximity to key demand drivers including the revitalised Darling Harbour and Chinatown precincts, the International Convention Centre (ICC), and the emerging Central Station Tech Hub. This location supports a diverse mix of corporate, leisure, and event-driven demand.
- Fully Approved Development Opportunity:
The Property benefits from a recently secured Development Approval, materially reducing planning risk and accelerating delivery timelines. The vendor has undertaken extensive preparatory work, unlocking significant value and enhancing the attractiveness of the opportunity for incoming investors.
- Efficient Design with Strong Margin Profile:
The approved scheme incorporates an efficient hotel design that maximises room count and operational efficiency. Combined with a streamlined service offering, the asset is positioned to deliver strong operating margins relative to industry benchmarks.
- Robust Sydney Hotel Trading Fundamentals:
The Sydney CBD hotel market has demonstrated a strong recovery, with occupancy reaching approximately 84% and ADR achieving a record $421 in December 2025. This performance is being achieved despite international visitation yet to fully recover to pre-pandemic levels, indicating further upside potential as inbound travel continues to normalise. More recent performance has remained positive, with Year-to-date 2026 RevPAR growth 10.6% above YTD 2025 RevPAR.
The opportunity is being offered via an on-market International Expressions of Interest (EOI) process closing Wednesday 22 July 2026 at 3pm AEST.
For further information or to arrange an inspection, please contact Colliers and Savills Hotels.
*Approximate.
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