The application for a $130 million hotel tower was submitted by Boston Atlas Hickory Hotels, a joint venture between construction firm Hickory and property investment groups Boston Global and Atlas Investment Corporation.
If approved, Hickory expects to start construction on the hotel in August 2022, with completion expected in March 2024, by which time domestic and international travel is predicted to return to pre-pandemic levels.
Hickory director Michael Argyrou said the premium hotel development will offer first-class access to Sydney Airport.
“The project will deliver outstanding amenity to the area and welcome both domestic and international travellers upon completion in 2024,” he said.
Designed by architects Rothelowman, the proposal is to develop a 12-storey, 224-room hotel with a dedicated rooftop sky lounge with views of the CBD and Sydney airport runways, as well as gym and wellness facilities, conference rooms, meeting spaces and about 132 above-ground parking spaces.
A retail showroom, branding and advertising spaces are also outlined in the plans.
The designated location at 210 O’Riordan Street, Mascot, is one of the last freehold land sites available in the area, and just 850 metres walking distance from the airport.
Atlas founder and director Alexander Rodakis said the company was thrilled to have reached this landmark milestone alongside strategic partners Hickory and Boston Global.
Rodakis said: “As we emerge from these challenging times, this project represented an opportunity to secure a well-located site with excellent potential and investment in our local economy.
“This project is a significant development for the region, with a high-quality offering in an important gateway location, which will be viewed by international and domestic travellers both in and out of Sydney airport.
“We look forward to delivering an iconic building, servicing Australia’s busiest airport.”