Hot on the heels of news about Adina’s new properties in Frankfurt and Randwick, Adina has broken ground on another site at Mascot near Sydney Airport.
Toga CEO Rachel Argaman
Toga Hotels has started construction on Adina Apartment Hotel Mascot, reinforcing the group‘s long-term commitment to expanding its portfolio of leading apartment hotels across Australia.
Once finished, the property will be home to 123 serviced apartments across seven storeys consisting of 51 studio, 66 one bedroom and six two bedroom units.
Toga Hotels CEO Rachel Argaman said, “We’re delighted construction has commenced on this development, which will bring apartment style accommodation to the thriving Mascot business hub.
“Sydney Airport is an ideal location as we prepare to cater to the growing demand from local businesses, along with leisure and business transit travellers looking for convenient accommodation.”
This will be Toga Hotels’ second property at Sydney Airport, following the announcement of work to commence on the build of Travelodge Mascot later this year.
Adina Mascot will be the 21st Adina Apartment Hotel in Australia and the second joint venture with Capital Corporation following the completion of the highly successful Adina Apartment Hotel Norwest.
“Our growth strategy has seen our portfolio expand from 52 to 68 properties in the last 24 months. We‘re extremely proud of our international apartment brand, which is going from strength-to-strength in both the Australia and Europe markets,” Argaman said.
Capital Construction will lead the 14 month construction project, with completion earmarked for mid-2015.