QT Adelaide receives State Government green light

QT Adelaide receives State Government green light

QT is now set to build its 11th hotel following approval form the South Australian State Commission Assessment Panel (SCAP).

The building, to be constructed by a joint venture of Adelaide's Axiom (ASX: AXI) and Event Hospitality and Entertainment (ASX: EVT), was announced in February 2019.

Described by QT as luxurious and quirky, the new hotel on Currie Street will be the brand's first in South Australia.

Included in the design plans is a large rooftop bar, intended to complement and attract the local community.

The $180 million development will feature 200 guest rooms, extensive conference and events facilities, and 10 levels of office space for workers looking to work, stay, and play in Adelaide.

In February, QT said that if approval was granted construction is expected to commence by the end of 2019.

"We are excited to bring South Australia its very first QT Hotel, a key Australian market that has been a missing piece of our portfolio," says Event CEO Jane Hastings.

Interior designer Nic Graham has been tapped to craft the interiors of the hotel.

He will create the interiors for a range of public spaces and bars within the hotel.

Renders of QT Adelaide, via SCAP

"Axiom and its Joint Venture Partner identified a gap in the Adelaide lifestyle hotel sector and went about creating a vision for a multi-use entertainment precinct," says Axiom general manager Paul Rouvray.

"Our vision was the driver of a worldwide operator search supported by Sydney based hotel consultant Andrew Taylor of Cre8tive Property. The offering presented by EVENT's QT brand was identified as an international standout and we are excited and proud to be bringing them to the Adelaide market."

"Axiom has a successful history of bringing new concepts and brands to Adelaide to drive employment and economic growth including South Australia's only Costco and Coles Superstore, and we strongly believe the QT brand will be another marque success."

QT Adelaide is the latest in the production line for the fast-growing hotel chain. QT Queenstown opened in 2017, and QT Perth in 2018.

QT Auckland is scheduled to open in 2020, followed by QT Parramatta and QT Adelaide in 2021.

 

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