TFE Hotels will operate a new Adina Apartment Hotel in Sydney’s second biggest and fastest growing business and commercial district, Macquarie Park at North Ryde.
The 19 storey, 154 apartment hotel includes an infinity pool, gym and bar on the top floor, as well as conferencing space.
Construction has begun, with a scheduled opening date of 2017.
The hotel will have studios, as well as one and two-bedroom apartments with fully-equipped kitchenettes and laundries.
The Macquarie Park hotel is strategically placed in one of Sydney’s fastest growing business centres, where pharmaceutical, technological, electronics and telecommunications corporations are headquartered, close to Macquarie Centre, one of Sydney’s biggest new retail centres.
The hotel will be on Lane Cove Road, just 150 metres from Macquarie Park train station, to take advantage of the busy corporate and MICE markets drawn to the many corporate offices headquartered in the precinct, including Hyundai, Optus, Sony, CSIRO and Cochlear as well as Macquarie University and Macquarie University Hospital.
The commercial precinct is 12 kilometres northwest of Sydney CBD and is the second largest business district in NSW after North Sydney, with 13,000 businesses spanning 854,251 square metres of commercial space.
Macquarie Park’s master plan shows it is expected to double in size in the next 20 years to include
2.5 million square metres of commercial space, to make it Australia’s fourth largest CBD after Sydney, Melbourne and Brisbane. It is also the second largest commercial office area in NSW after Sydney CBD.