Quest has announced plans to build 10 new properties across New South Wales by 2014, massively increasing the available accommodation in key business markets for the State’s growing number of extended-stay business travellers.
The new apartments will increase Quest’s NSW room supply by over 70 per cent and is targeting business travellers who spend an average of over four nights away from home for work.
Quest Chairman Paul Constantinou made the announcement this morning (Feb 6) alongside NSW Premier Barry O’Farrell at the opening of the Group’s newest property at Sydney Olympic Park (pictured).
“This investment follows the increasing need by business travellers for accommodation in the State’s regional and suburban hubs where traditional accommodation options are no longer meeting their needs,” Constantinou said.
“This year, we will commence construction at five new locations – in Albury, Shellharbour, Nowra, Orange and Liverpool. We will continue this expansion, with another five properties to commence in the following year.”
Quest currently operates 21 properties in New South Wales, providing accommodation to some 120 thousand business travellers.
When doors open on these new properties, Quest will offer a total of 2,365 rooms across NSW, hosting more than 200 thousand extended stay business travellers.
Premier O’Farrell said the State Government’s investment in infrastructure outside of Sydney’s CBD has led to a growing need for accommodation and services to cater for this increase in business development.
“Quest is building properties in areas where there has been significant investment in public and private infrastructure such as roads and rail, hospitals, educational institutions and retail precincts,” O’Farrell said.
“This commitment to investment in thriving regional and suburban locations across NSW demonstrates business confidence in long term growth across the state.”
Quest will also open three new properties in Queensland, one in outer Melbourne, one in regional Victoria and another in the Adelaide CBD this year.