The borders are yet to reopen but a new joint venture is already on the development runway with plans for a $130-million hotel project near Sydney Airport.
Bill Moss’s Boston Global has teamed with Atlas Investment Corporation and construction firm Hickory to develop a 12-storey hotel tower at Mascot.
A development application for the proposed 224-room upmarket hotel on a 2095sq m corner “gateway” site to the airport has been lodged with the Bayside Council.
It follows the recent federal government announcement of a staged reopening of Australia’s international borders, which will begin around November.
"In our first partnership together, we are thrilled to have reached this landmark milestone alongside our strategic partners Hickory and Boston Global,” Atlas director Alexander 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.”
Boston Global managing director Corey Cooney said the hotel development was “much-needed infrastructure in the growing airport precinct”.
The trio of companies has submitted the Mascot hotel proposal under the joint venture banner Boston Atlas Hickory Hotels
The site is 850m from Sydney Airport at the corner of O’Riordan and Robey streets and Baxter Road.
Occupied currently by a Covid testing centre, it was previously being used as a commercial car park and is one of the last remaining available freehold landholdings close to the airport.
Designed by Rothelowman, the proposal includes rooftop “sky lounge” comprising bar and dining facilities with views over Sydney Airport runways and the CBD.
Other features include a gym and wellness facilities, conference rooms and meeting spaces, and 132 above-ground parking spaces. A retail showroom, branding and advertising spaces are also outlined in the plans.
If approved, construction on the hotel is expected to begin in August next year and be completed by March 2024, by which time domestic and international travel is predicted to return to pre-pandemic levels.