Sydney Airport Hotel

Airport Hotel Market

The Sydney Airport precinct has traditionally been a strong hotel market with the majority of hotels in the area consistently achieving occupancy rates of above 80%. Colliers International has advised that demand for short term accommodation around Sydney’s Airport is strong, particularly in the 2 to 4 star hotel market.

New supply in the Mascot precinct over the past 5 years has been virtually non-existent.

Miller Street Partners has secured a parcel of land that is located only 250m from the Domestic Airport Terminals; is appropriately zoned; and cost competitive in terms of construction of a 3.5 star, hotel over 8 levels (including ground floor).

Strong Growth in demand for Airport Accommodation

The SACL MasterPlan anticipates annual passenger demand to grow from 36.9 million in 2012 to 4.3 million in 2033. This represents an average increase in passenger movements of 3.4% per annum. This will be achieved by increasing the utilisation of aircraft slots currently available, increasing the size of aircraft and through a range of land use configuration changes.

A development application has recently been given a defferred commencement approval by the City of Botany Bay Council subject to a the submission of structural and geotechnical information.