The Ritz-Carlton Hotel might be a new addition to the skyline in the New South Wales province. It will be added by The Star Entertainment Group. The addition has not yet been confirmed because the Australian gaming operator has to get approval from the NSW Department of Planning. However, should the department give their approval, it is estimated that the construction will take about three years.
The Star has hired the help of the Chow Tai Fook Group and Far East Consortium Ltd to help with the building of the hotel. AU$500 million will be invested in the project; plans include a 61-storey hotel with 220 rooms and 200 private apartments all six stars!
Hong Kong Based Company Partnership
As previously mentioned, The Star has partnered with Chow Tai Fook which is a company based in Hong Kong. This partnership may be implying that both companies may leverage on networks, loyalty programs and the expertise to push for VIP growth.
As the second biggest casino in Australia, The Star Sydney, is a casino where a lot of Asian high rollers frequent. With this partnership, more high rollers may be attracted to visit not only Australia but the casino.
The Ritz-Carlton Hotel and The Star Sydney Refurbishments
The Star Entertainment Group has planned to refurbish some of their existing facilities as a way for them to move away from just being a casino. They have planned to invest AU$500 million on upgrading the arrival area, VIP facilities, the Astral Tower and residence and other internal spaces. However, there was no mention of whether there will be any upgrades to the casino floor.
As for The Ritz-Carlton Hotel, it will feature public restaurants, two gyms, a rooftop terrace, a spa and wellness centre. It will also be conveniently located close to the Sydney Fishmarket that is frequently visited by Asian tourists. Other amenities that will be around the hotel are the Sydney Convention Center, Darling Harbour and the Bays Precinct.