202 ELIZABETH Hotel, Sydney – EOI Closing this week - FOR SALE

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Property Id : 37083

Savills Hotels has been exclusively appointed to offer for sale Sydney’s brand new luxury boutique hotel – 202 ELIZABETH.

Strategically located in Sydney’s most creative neighbourhood at the prime point connecting Central Station, the edge of the CBD and Surry Hills cool lies 202 ELIZABETH, a sought after piece of real estate. This area is rapidly becoming Sydney’s epicentre of creative hotels with The Ace, Veriu Central, and The Paramount House also located nearby.

The sleek new design driven hotel was conceived by Alessi Design + Build and spans six floors with ground floor retail spaces, and three outdoor terrace areas including a spacious rooftop hang-out lounge, the private oasis providing panoramic views of the city and Surry Hills skyline.

The eco-conscious hotel is constructed using highly sustainable materials such as cross laminated timber making for a much lighter environmental footprint. Organic-concept products including mini bar offerings are widely used throughout the hotel. The progressive hotel offers pet friendly rooms for patrons, and further thought has been invested into the digital hotel offering aptly located in an emerging Fintech area.

Every guest room is a bespoke sophisticated design with no two alike, several featuring balconies overlooking the streetscapes below. The hotel plays with art-deco influences reflecting a fashionable interior style by renown designer Lisa Madigan, complimented by the beautiful collection of artworks from Australian artists on display.

Downstairs the hotel will be home to Sydney’s first organic Handpicked Wines retail outpost boasting their regionally expressive and site-specific organic wines from a growing list of the world’s great wine regions.

The hotel’s amenities and eclectic selection of furniture and modern design in sleek bathrooms, walk-in rain shower, and heavenly king size beds make Surry Hill’s newest adult-only retreat the latest exciting offering for Sydney.

Savills Hotels Managing Director Mark Durran said “Locationally 202 ELIZABETH is perfectly positioned to cater for both the leisure and business traveller. On its doorstep is the growing Surry Hills tech community as well as the new government backed precinct under development – Tech Central – Sydney’s emerging ‘Silicon Valley’.”

The Sydney Hotel market continues to recover strongly with the latest March 2023 Quarter STR showing a 133% increase in Revenue per Available Room compared to the March Quarter of 2022. Average daily Rates were up 23%.

For further information contact Savills.

Mark Durran

Managing Director - Hotel Capital Markets, Australasia
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Mark Durran