SilverNeedle Hospitality is launching a new upscale brand Sage Hotel with the first in Brisbane, Queensland.
Situated in Fortitude Valley, northeast of Brisbane’s Central Business District (CBD), the first Sage Hotel will comprise 111 rooms when it is refurbished from two storeys of the heritage building known as TCB.
The TCB building is a landmark in Fortitude Valley, with a history dating back to 1902, when it was a department store operated by Irish draper Thomas Charles Beirne. Forwin International Investments acquired the site in 2003. The three-storey building houses about 22 tenants including eateries and boutiques on the first floor, with the remaining storeys leased as offices. Forwin International will convert the office space to Sage Hotel, a modern upscale brand that caters to the business traveller according to SilverNeedle. The hotel is scheduled to open 18 months after the refurbishment is complete.
“At SilverNeedle Hospitality, we recognise there is an important group of business travellers who desire a stable and uncomplicated life as they conduct their business in unfamiliar cities,” said SilverNeedle Hospitality’s Managing Director and CEO, Iqbal Jumabhoy.
“Not only is the Sage Hotel designed to fulfill the needs of this group, it also complements our suite of offerings that includes six other brands. Our intention is to develop the Sage Hotel brand throughout Asia Pacific in the upscale segment.”
Sage Hotel Fortitude Valley is SilverNeedle Hospitality’s second commitment to Brisbane, following Next Hotel in the CBD, which will open later this year.
Jumabhoy said the brand promise of Sage Hotels “focuses on the guests’ desire for simplicity” and its typical guests “comprise the small business owner or entrepreneur, or a senior manager or family breadwinner”.
“Every stay at our Sage Hotel will bear the hallmarks of simplicity, familiarity for these guests who want to feel at home, while at the same time offering our guests uncompromised quality,” Jumabhoy said.
A Sage Hotel will be located in primary and secondary urban cities in Asia Pacific in CBD and CBD fringe areas near primary transportation hubs.
“We are excited that our heritage building will house the new Sage Hotel brand,” said Forwin International’s Gavin Tseng.
“As owners of TCB, an iconic building with a rich history, we align ourselves with brands that have strong prospects for long-term business growth.”