A slice of luxury is coming to Parramatta with a new five-star InterContinental Hotel to be operational by 2025.
Holdmark has officially signed an agreement with IHG Hotels & Resorts to deliver the hotel which will feature 200 guestrooms, a restaurant and rooftop bar, Club Lounge, pool, gym, wellness centre and more than 900sqm of meeting space.
The development is set to create more than 360 direct and 1000 indirect jobs for the people of western Sydney.
Holdmark’s Chief Operating Officer Kevin Nassif said he is a firm believer in the development of Parramatta as Sydney’s newest CBD.
“We are thrilled to be working with the team at IHG Hotels & Resorts to bring an InterContinental hotel to the heart of Parramatta,” he said.
“This hotel will deliver more than 360 direct and 1000 indirect jobs for western Sydney and play a critical role in the post-COVID growth and revitalisation of Sydney’s west.
“The development will create an additional 1000 construction and sub-contractor roles boosting job opportunities and the local western Sydney economy.
“The hotel will be located directly opposite Parramatta Square, one of the largest urban renewal projects in Australia and is perfectly positioned to cater to those in town for business or leisure.
“The planned development will also look to attract high end restaurants and more entertainment options for guests and the community.”
IHG’s Vice President, Development – Japan, Australasia and Pacific, Abhijay Sandilya said “Parramatta is without doubt a super city of the future”.
“To be embarking on this new-build project with new partners, Holdmark Property Group, to bring our luxury InterContinental brand to the heart of the city is incredibly exciting,” he said.
“The transformation of Parramatta over the years has been extraordinary and the city is truly deserving of a luxury hotel; it has been crying out for one for a long time.
“Having our world-renowned InterContinental brand in western Sydney will certainly bring a sense of glam to the locale and together with the Holdmark Group, we’re excited to be re-shaping the landscape and thrilled to be giving the local community a luxury hotel that they can be very proud of.”
Scheduled to open in 2025, the InterContinental Parramatta will be part of a vibrant mixed-use development that also includes offices and a ground floor retail precinct.
The development will, however, spell the end for the famous Peter Wynn’s Score, which has occupied the site for more than 30 years.
Holdmark in the process of running an architectural competition to find a winning design.
Troy Dodds is Parra News' Managing Editor and Breaking News Reporter. He has more than 20 years experience as a journalist, working with some of Australia’s leading media organisations. In 2023, he was named Editor of the Year at the Mumbrella Publish Awards.