Savills Australia has been engaged as the agent responsible for selling what has been described as Wollongong’s first “corporate-led CBD hotel”.
The 241-room Andrew Burnes Architecture-designed lifestyle hotel will be spread across 13 levels and offer guest facilities including a number of food and beverage outlets, lounge options, fitness centre and mezzanine level.
Tony Bargwanna, Leon Alaban, Nick Lower, Max Cooper and Selin Ince have been entrusted with the sale, located at 37-39 Burelli Street. The site is located close to local facilities and attractions including WIN Stadium, the Illawarra Art Gallery, beaches and numerous restaurants.
“The developer has consulted with council for over six months and finalised the proposed scheme including several meetings with council’s General Manager, Planners and Design Review Panel to ensure required Design Excellence criteria is achieved. The DA with council is a compliant scheme and within all planning controls,” said Savills Australia National Director – Hotels, Tony Bargwanna.
The development of a new lifestyle hotel in Wollongong was revealed exclusively by HM in late 2020, with Cre8tive Property’s Managing Director, Andrew Taylor, saying the project being developed by Held Property would have a “lifestyle positioning with strong corporate appeal”.
He said final negotiations were underway to sign a Management Agreement “with a new lifestyle brand from overseas” and the project would be a huge boost to the region.
“This is the first corporate-led CBD hotel for Wollongong, and along with the numerous A- grade office buildings under construction, it will signal that the city is transforming to a serious coastal rival to other Sydney corporate hubs like Parramatta,” Taylor said.
“Wollongong also has numerous event venues that do not have rooms inventory, and which currently have to partner with hotels that have competing event spaces.
“This hotel will give these venues the rooms inventory and this will increase the event business to the region,” he told HM.