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Exclusive: Veriu Hotels and Suites set to debut in April in Sydney

Veriu Broadway Sydney

The first Veriu-branded hotel is set to debut in Sydney in April 2017 with the opening of a 64-room serviced apartment hotel, Veriu Broadway.

Veriu Broadway will be the marquee hotel for the brand following its first foray into the market with the successful opening of Veriu Camperdown, a new build all-suite hotel which opened in March 2016.

The hotel is part of a pipeline of five hotels set to open under the Veriu brand by the end of 2018.

Veriu Broadway is an AUD$18 million conversion of a former warehouse space offering self-contained studios, each over 40 square metres, and one and two bedroom split level apartments.

The hotel will provide 24-hour reception with staff trained as local area guides plus on-site food and beverage in keeping with the precinct’s contemporary café and bar offerings.

Veriu Hotels is a “fresh new bespoke hotel brand on the Sydney landscape” say the creators, property and hospitality specialists Alex Thorpe and Rhys Williams.

Having successfully developed a long stay accommodation business, Furnished Property, in 2002, Thorpe and Williams have now moved into the hotel space to create a portfolio of hotels with a diverse mix of heritage and new developments, all located in Sydney’s thriving city fringe locations.

“We have been providing long stay style self-contained accommodation for 16 years under Furnished Property, where we developed a passion for sharing ‘local’”, says Veriu Director, Rhys Williams.

“We created Veriu because we saw no reason why a hotel brand can’t provide that authentic local experience backed up by traditional hotel services, excellent customer service and attention to detail in rooms.

“Camperdown was our first test and it was amazing to bring the brand to life in such a vibrant area. You only need to look at places like Deus Cafe and Camperdown Commons to see what local business can deliver and we want accommodation to be a part of this,” says Williams.

The current network is complemented by a pipeline of hotel developments to take place under the Veriu brand by the end of 2018, including:
-Veriu Randwick (35 rooms) opening April 2017
-Veriu Central (110 rooms) opening early 2018
-Veriu Green Square (142 rooms) opening late 2018

Veriu specialises in operating sites with 20-120 rooms in CBD and city fringe areas with capacity to go larger if the location is right.

“Having some flagship CBD sites supported by a number of smaller satellite local properties in the city fringe is central to our strategy. We make it happen in areas and buildings where the global brands may be less interested,” says Veriu Director, Alex Thorpe.

To date the Veriu model has focused on Lease agreements but both Thorpe and Williams believe one of their strengths is their ability to adapt to all types of development models including potential for franchise or managed hotel agreements in the future.

They also say the group is open to placing its own equity in development joint ventures with selected capital partners operated by Veriu. One such partner is ASX listed property funds manager Folkstone Group, which will launch a fund in March to raise AUD$22.5 million of third-party capital to finance the 142-room Green Square hotel development in conjunction with Veriu, slated for a 2018 opening.

In celebration of individuality, Veriu have created a bespoke collection of hotels and suites, each with its own distinct personality and style. All different – and yet all the same in their commitment to providing true and genuine service, a superb location and at the end of the day, a great night’s sleep.

Veriu Broadway Studio Room.jpg

“We have seen Sydney emerge as a city of villages and we want to share the uniqueness of Sydney’s diversity through the Veriu brand in areas like Camperdown, Broadway, Green Square and Surry Hills,” says Williams.

“These villages really excite us for the leisure market but equally corporates want these bespoke experiences.”

With an authentic local experiences paramount to the Veriu ethos, guests will also receive complimentary drinks and snacks from local area operators and local artists are also engaged to incorporate designs based on the genuine character of the building and neighbourhood.

“Beyond this, we want our guests to move freely through our properties so we have developed a unique concept called ‘Veriu Connect’. This allows any Veriu guest to drop into one of our other locations, flash a room card and have a complimentary locally sourced drink and ask the concierge about the best places to explore. You could cover the best of Sydney just by visiting the Veriu network of properties,” says Williams.

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