Event Hospitality & Entertainment Limited (EVENT) today announced it has entered into a management agreement for its newest QT hotel in Adelaide at 62 Currie St in the heart of the CBD. This will be the 11th QT hotel in the group and QT’s first introduction to South Australia, joining the growing portfolio of QT properties across Australia and New Zealand.
A design-led hotel with a luxurious and quirky flair, complemented by a distinctive signature service, QT’s South Australian foray will be Adelaide’s first lifestyle hotel, bringing a unique offering to the market. QT’s focus on creating award winning bars and restaurants ensures it is loved by travelers and locals alike. QT Adelaide will be no exception, with bold new QT signature dining concepts and a sweeping rooftop bar, designed to reflect and complement the local community.
The $180 million development will incorporate QT’s latest hotel offering of exciting food and bar offerings and feature 200 guest rooms and extensive conferencing and events facilities, unlike anything seen before in Adelaide. The development will also incorporate 10 levels of unique office space designed for a new generation of employers and employees embodying the best of “work, stay, play” philosophies.
Property development and investment group Axiom Properties Limited announced a Joint Venture with the site’s owner Auspac Networks Pty Ltd in June 2017 to deliver a unique mixed-use offering to Adelaide’s premier entertainment precinct, known for its hip small bars and exceptional restaurants.
The partners are set to lodge for development approval in February 2019 and commence their commercial pre-leasing campaign for the office component. The Joint Venture is currently in advanced negotiations with its first anchor tenant who is keen to support this exciting new vision. Construction is likely to commence by the end of 2019 following securing of sufficient pre-commitments for the office component and funding.
QT Hotels recently celebrated a triple-win in the annual Condé Nast Traveler Readers’ Choice Awards, with three QT properties ranking in the top 15 hotels in Australia and New Zealand.
Further details regarding QT Adelaide will be announced soon.
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