Hospitality and entertainment group Event has lodged plans for a $250 million extension of its QT hotel in Central Sydney opposite the Queen Victoria Building.
The listed entertainment group has lodged plans for the mixed-use development at 458-472 George Street, which will include a podium with ground floor retail, an extension of the QT Sydney hotel with 72 additional rooms as well as a conference centre, rooftop bar and an office component.
Event, which runs cinemas across Australasia under the Event, BCC and GU Filmhouse brands and in Germany under the CineStar brand, has been remixing and bolstering its hospitality arm.
The company acquired the site for $116 million in April 2017 from a private family which held the properties for 30 years.
The site currently comprises two properties including a two-storey freehold building at 458-466 George Street and a seven-storey freehold building known as Dudley House at 468-472 George Street.
The proposal follows Event lodging a development application in July for a mixed-use tower of up to 43 storeys that would replace its cinema complex at 525 George Street at a cost of $225 million.
Both projects are expected to be completed within the next five to seven years, as Event looks to grow the value of $2 billion property portfolio.
Event's QT hotel brand which combines art, design and luxury, has been one of its most successful ventures, personified by the first such hotel, QT Sydney.
The hotel's 13-storey extension, which will be wedged between the Gowings building, which the existing QT hotel occupies, and the State Theatre annexe, will further bolster Event's 62-hotel portfolio.
After securing the site Event moved quickly to enlist Candalepas Associates to design the mixed-use building.
“The QT Hotel is a very important building for Sydney,” Candalepas Architects director Angelo Candalepas told The Urban Developer.
“Over time interiors will change, refurbishments come and go, but the building will become part of the city’s grain.”
“We wanted to create something that is incredibly beautiful for George Street and for Sydney providing a contemporary building but also a well-suited companion to the Queen Victoria Building.”
Candalepas is no stranger to working on Sydney's prestigious George Street — having designed the AHL Headquarters at 478 George Street, a rugged off-form concrete structure offset by monumental, blade-like sandstone columns.
The renowned architect is also familiar with the QT brand, having designed the QT Hotel in Melbourne, which boasts 188 guest rooms as well as a series of high-energy restaurants, bars and shops.
The height of the proposed George Street QT extension will align with the neighbouring Gowings building and will be constructed in stone, neutral toned concrete, copper and brass.
Candalepas' design also proposes a new arched entrance to the QT Hotel on George Street, which will act as a direct reference to the arches of the adjacent Queen Victoria Building.
Event is also keen to expand its QT hotel brand, signing management deals in Perth, Auckland and for a recently-approved 200-room QT hotel in Adelaide.
QT Perth opened last year with QT Auckland due to open in 2020 and QT Parramatta in 2021.