500 jobs at new Sheraton hotel on old Le Cornu site
UP to 500 new jobs are set to be created with one of the hospitality sector’s most iconic names set to move into north Adelaide. See the video fly-through.
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WORK is due to begin by 2017 on building a hotel on the long-neglected site formerly occupied by LeCornu in North Adelaide, following a deal signed by developer Con Makris.
Up to 500 new jobs are set to be created with one of the hospitality sector’s most iconic names, the Sheraton, agreeing to run a 160-room hotel.
An agreement was signed on Thursday night between Starwood Hotels and Resorts Worldwide and the Makris Group to begin work on the Adelaide Sheraton hotel on the old Le Cornu site in O’Connell St.
The 160 room Sheraton Adelaide, will form the centrepiece of a mixed-use development including luxury residential apartments, office and retail space and is expected to generate 300 to 400 jobs during construction plus a further 100 jobs once the hotel is completed.
The $200 million luxury residential, retail and hotel development received planning approval in June and the hotel construction is now expected to start either late next year or in early 2017 and open its doors in mid 2019.
SA Treasurer Tom Koutsantonis welcomed the announcement and said public investment in Adelaide was helping leverage private investment in and around the city.
“We are well aware of the jobs and investment that the visitor economy brings to our state which is why our recent state budget included an unprecedented $35 million over two years to promote SA to key international and domestic markets,” he said.
The hotel will offer leisure facilities including a state-of-the-art fitness centre and indoor swimming pool with innovative work spaces and meeting rooms for business guests and a 300sqm ballroom.
The development will boast eight buildings, including the five star hotel, a 16-storey apartment tower, public piazza, underground carpark, retail stores and restaurants.
Sheraton is owned by Starwood Hotels & Resorts Worldwide while the Makris Group owns the O’Connell St land and hotel. Sheraton will run the hotel on behalf of Makris.
“Sheraton Adelaide will be the new heart of O’Connell St, providing a quality legacy for current and future generations,” said Con Makris, executive chairman for the Makris Group.
“The Sheraton brand is an ideal fit for the location and our overall vision. We’re delighted to welcome a brand that matches the stylish yet welcoming atmosphere we aim to create.”
The development will bring to an end more than 25 years of inactivity on a prime slice of Adelaide real estate.
The Sheraton is Starwood’s second hotel signing in Adelaide in 2016 following the announcement of Aloft Adelaide, in Sturt St, earlier this year.
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