The former Ritz Carlton Hotel in Sydney's upmarket suburb of Double Bay will be reopened under the InterContinental brand after a major refurb.
The Singaporean-based Royal Hotels has announced it's signed a management agreement with the InterContinental Hotels Group (IHG) for the legendary 140-room hotel in Cross Street.
Royal Hotels will undertake a multimillion-dollar refurbishment of all guest rooms and public areas of the hotel which is set to then reopen as the InterContinental Sydney Double Bay in January 2014.
Purpose-built in 1991 as the Ritz Carlton Double Bay, the hotel established a reputation as the place to stay for celebrities when the came to Sydney. It became the Stamford in 2001, before closing in 2009 with a view to being redeveloped.
Royal Hotels director Bobby Hiranandani said the company is planning to return the hotel to its former glory.
“Our plan is to rejuvenate this ideally-situated hotel and its surrounds, making it the destination for Eastern-suburbs locals and Australian and international visitors alike," he said.
Together for the official signing of the agreement are Ryan Lawyers principal Tony Ryan (left), Royal Hotels director Bobby Hiranandani, IHG Asia, Middle East and Africa CEO Jan Smits, IHG Japan and Australasia chief operating officer and Asia, Middle East and Africa Operations Performance Alan Watts.
"InterContinental Sydney Double Bay will become an ideal destination for weddings, conferences and dining as well as luxury hotel accommodation.
"We're pleased to be partnering with IHG in this, a landmark in the Australian market. We have been impressed with IHG's support to date, and in them believe we have a partner that will assist us creating an exciting new guest experience in Sydney.
“We selected IHG as our partner for this hotel based on the strength of the InterContinental brand both here and worldwide, and its proven ability to deliver premium returns on the assets that bear its name."
IHG Asia, Middle East and Africa chief executive officer Jan Smits said the the signing of InterContinental Sydney Double Bay was a "significant development" for the InterContinental brand in Australia.
"The site at 33 Cross Street has long awaited the arrival of a new luxury hotel for Sydneysiders and visitors, and we feel confident that in partnership with Royal Hotels we will create something very special for our guests”.
The new hotel will be the fifth InterContinental hotel in Australia, and will join the group of 169 InterContinental Hotels & Resorts around the world.
Australian architects Bates Smart have been appointed by Royal Hotels to restore the hotel.
Facilities will include a ballroom for up to 300 guests, meeting space, an all-day dining restaurant, Club InterContinental, café, lounge and bar, rooftop pool and bar and generous underground parking.
There's also plans for a ground floor arcade underneath the hotel that will include a health club or day spa as well as retail space.