The Star to Build Luxury Hotel on Casino Complex
The casino war is heating up in Sydney with casino operator The Star Entertainment Group revealing plans for a $500 million 360-room hotel that will be built on its casino complex in Sydney’s Darling Harbour. This move will make The Star a six-star integrated resort and the operator is currently negotiating with two Hong Kong-based companies for the expansion – Chow Tai Fook and Far East Consortium.
The luxury hotel will be operated by the Ritz-Carlton hotel brand which is already slated to operate the Star’s hotel at the Queen’s Wharf in Brisbane. The project is expected to be completed by 2020 which is more than a year before the Crown’s six-star integrated resort is expected to be completed in Barangaroo.
The Star has approached the NSW Government’s Department of Planning and Environment for the environmental assessment measures. According to the Department, it will “thoroughly assess it as it would any hotel proposal, including a community consultation program and public exhibition period of concept plans.”
The Star’s discussion with Chow Tai Fook will be influenced by their more than four million members that The Star will hope to be able to take advantage of. Of these, more than 1.4 million are VIP members and have connections with China Travel that books vacations for Chinese tourists.
The addition of the 360-room Ritz-Carlton hotel will bring the number of rooms available in the Sydney’s Star casino complex up to 1,000.
“The impact this hotel will have on jobs and opportunities for Sydney cannot be underestimated,” stated Stuart Ayres, NSW Minister for Trade, Tourism and Major Events. “We are the absolute envy of every other state.”
The development will create significant competition for James Packer’s Crown Resorts VIP-only casino complex that is being developed in Barangaroo.
April 16, 2017