Waldorf Astoria to debut on Circular Quay thanks to mining magnet Andrew Forrest

waldorf astoria

Hilton’s Waldorf Astoria hotel brand is set to make its Australian debut at Sydney’s Circular Quay after mining magnet Andrew Forrest’s investment group Tattarang bought the tower off Lendlease and its joint venture partner Mitsubishi Estate Asia for $575 million.

The 220-room hotel would be “the centrepiece of the redevelopment of Circular Quay”, the investment company stated.

“Circular Quay is a globally unique and instantly recognisable location that continues to welcome millions of visitors – from both near and far – each year,” Forrest said in a statement.

“As long-term investors, we believe this development can play an important role in the future rejuvenation of the wider Circular Quay precinct and we are committed to engaging with Lendlease and the surrounding community towards an even brighter future for Australia’s gateway city.”

The hotel is set to include a ballroom and function spaces, as well as a rooftop bar and restaurant with panoramic views of the harbour.

Hilton said they were excited to be a part of such an iconic project for Australia.

“As the first Waldorf Astoria property to debut in Australia, Waldorf Astoria Sydney signals Hilton’s commitment to expanding our luxury portfolio to the world’s most sought-after destinations,” Hilton’s head of Australiasia Paul Hutton said.