New $200m lifestyle hotel for Sydney CBD


Mulpha Australia has been given the greenlight to build a 17-storey lifestyle hotel, comprising 272 rooms together with ground floor restaurant and bar facilities, on Sussex St in Sydney’s CBD.

Originally a warehouse building, the new development will partially retain the existing 5-storey building, including the existing heritage façade.

The hotel’s location at the southern end of Sydney’s CBD places it within walking distance to the International Convention Centre Sydney, Darling Harbour, the Powerhouse Museum, World Square shopping district and the Chinatown precinct.


“We are thrilled to receive approval for this new age hotel that will contribute to the ongoing rejuvenation of the southern CBD into one of the most vibrant areas of Sydney for visitors, residents and workers,” said Mulpha CEO Greg Shaw.

“With the strong rebound in both domestic and international tourism, it is vital that we have shovel-ready projects to grow accommodation capacity and meet demand. Sydney is leading the way in the Australian accommodation industry with strong occupancy levels set to increase further as the international market exceeds pre-Covid levels in 2024 and beyond.

“As the gateway to Australia, more quality hotels will reinforce Sydney’s status as a global centre for business, finance and education, while supporting the construction sector and broader economy.”

The hotel is slated to open in mid-2026.