Holdmark Property Group is pleased to announce it has signed a management agreement with IHG Hotels & Resorts to deliver the InterContinental Parramatta.
Holdmark’s Chief Operating Officer Mr Kevin Nassif welcomed the announcement.
“We are firm believers in the development of Parramatta as Sydney’s newest CBD, and we are thrilled to be working with the team at IHG Hotels & Resorts to bring an InterContinental hotel to the heart of Parramatta.
“This hotel will deliver more than 360 direct and 1000 indirect jobs for Western Sydney and play a critical role in the post-COVID growth and revitalisation of Sydney’s West. Furthermore, the development will create an additional 1000 construction and sub-contractor roles boosting job opportunities and the local Western Sydney economy.
“The hotel will be located directly opposite Parramatta Square, one of the largest urban renewal projects in Australia and is perfectly positioned to cater to those in town for business or leisure.
“The planned development will also look to attract high end restaurants and more entertainment options for guests and the community” Mr Nassif said.
Abhijay Sandilya, IHG’s Vice President, Development – Japan, Australasia & Pacific, said: “Parramatta is without doubt a super city of the future. To be embarking on this new-build project with new partners, Holdmark Property Group, to bring our luxury InterContinental brand to the heart of the city is incredibly exciting.
“The transformation of Parramatta over the years has been extraordinary and the city is truly deserving of a luxury hotel; it has been crying out for one for a long time. Having our world-renowned InterContinental brand in western Sydney will certainly bring a sense of glam to the locale and, together with the Holdmark Group, we’re excited to be re-shaping the landscape and thrilled to be giving the local community a luxury hotel that they can be very proud of.”
Greater Western Sydney is about to get a taste of luxury as IHG Hotels & Resorts brings its luxury InterContinental brand to Parramatta, in partnership with development and investment group Holdmark.
Scheduled to open in 2025, the impressive, new-build InterContinental Parramatta will be part of a vibrant mixed-use development that also includes offices and a ground floor retail precinct. The building itself will be one of the most exciting high-rises to grace the city’s skyline, with Holdmark in the process of running an architectural competition to find a winning design.
The state-of-the-art hotel will deliver on IHG’s signature InterContinental Life concept – where glamour and the exhilaration of fascinating places is mixed with international know-how and local cultural wisdom. It will feature 200 guestrooms, a restaurant and rooftop bar, Club Lounge, pool, gym, wellness centre and more than 900sqm of meeting space.
Parramatta is regarded as the main commercial centre for the broader Greater Western Sydney Region and is Sydney’s newest CBD, as well as one of Australia’s fastest growing cities. With significant infrastructure projects in place, it’s clear that the self-styled capital of Sydney’s west is a highly sought-after destination. With the hotel located at the junction of two of Parramatta’s most bustling streets – Church and Macquarie Street – it will be perfectly poised to attract luxury leisure and business travellers to the city.
With the Parramatta Light Rail, Sydney Metro West – which has a target travel time to Sydney CBD of 20 minutes – and bus lines all connected to the heart of Parramatta, access to the hotel from all parts of Sydney will be extremely easy.