Event Hospitality has signed a management agreement with Iris Capital to bring its next QT hotel to Newcastle.
Branded as QT Newcastle, the hotel will be housed in the former Gowings building in central Sydney and will be styled similarly to other QT properties like Wellington and Queenstown.
The 106-room hotel operation will feature a rooftop bar and maintain the property’s historic exterior.
The property is part of a larger $1.4 billion revitalisation project in Newcastle’s city centre.
“Newcastle is Australia’s largest regional centre and with the $700 million Iris investment, combined with the $650 million NSW government investment, the city is being revitalised, and QT will be at the heart of this project,” said Jane Hastings, CEO of Event Hospitality.
Colliers helped broker the deal and said that QT would fill a gap in Newcastle's market.
“Currently there is no true luxury boutique hotel operating in the Newcastle market that captures the essence of the area, its history and its growing cosmopolitan feel and we believe that the characteristics of the heritage building and QT’s experience will fill this void,” said Christopher Milou, director of hotel valuations, Christopher Milou.