Designed by Woods Bagot, the 15-storey $55 million development will comprise 253 rooms, with sizes ranging from 13 sqm to 28 sqm. These smaller yet high quality rooms will be geared towards short-stay visitors and young tourists who are willing to trade excess space for lower costs. The hotel will also include a ground floor lobby, a gym, a lounge and a bar for guests.
James Hines, Managing Director of Hines Property, said that Hines Property is excited to bring the micro-hotel concept to Adelaide, commenting that the micro-hotel trend is booming in other cities. Hines said that the development will fill a gap in the Adelaide market for travellers who want “stylish yet minimalist accommodation.”
The hotel will be situated adjacent to the East End food and beverage precinct, as well as the educational precinct and Lot Fourteen’s creation and innovation neighbourhood. With a new tram extension, the 274 North Terrace project will be ideal, especially for “business and young travellers who want to stay in the heart of the action without spending a fortune to do so.” Sited at the corner of North Terrace and Frome Street, the hotel is designed to reinforce Frome Street’s north-south axis through an activated ground plane which takes into consideration the precinct’s past and present character.
Construction is anticipated to commence in 2020, with the hotel expected to open in 2021. 200 jobs are estimated to be created during the construction period, boosting Adelaide’s economy.
Hines Property is already undertaking an international search to select an operator for this micro-hotel.
This new micro-hotel project on 274 North Terrace will add to Hines Property’s hotel development portfolio to more than 1000 hotel rooms. Hines Property is the largest owner of hotel accommodation in the Adelaide CBD, having a portfolio which includes Pullman Adelaide Hotel and Ibis Adelaide Hotel.
Cover Image: Rendering of Exterior of 274 North Terrace. (Image: Hines Property)