Landmark mixed-use development opportunity in Sydney’s bustling Midtown is set to attract strategic investors
Colliers is pleased to exclusively present 430 Pitt Street, a rare opportunity to acquire a fully approved, architecturally significant mixed-use hotel development in the heart of Sydney’s CBD.
The approved site is being marketed exclusively by Colliers national Hotels team led by Karen Wales and Sam Abel, and Asia Markets National Director Steam Leung.
This landmark project will deliver 318 premium guest rooms, complemented by vibrant retail, dining and wellness offerings. With early works completed and development approvals in place, 430 Pitt Street offers an accelerated delivery timeline and reduced development risk.
Strategically positioned on a prominent corner site, 430 Pitt Street is surrounded by major infrastructure upgrades including the Central Precinct Renewal Program, the revitalised George Street spine, and the Light Rail corridor. This high-profile location offers seamless access to public transport, premium commercial office towers, world-class theatres, Chinatown, Pitt Street Mall and the International Convention Centre, thereby ensuring a broad base of demand.
“This is a rare opportunity to secure a flagship mixed-use hotel development in one of Asia Pacific’s most tightly held and best performing hotel markets,” said Colliers Head of Hotels, Karen Wales. “Hotels in the midtown precinct have historically achieved the highest annual occupancies and this opportunity combines scale, location, income diversification, and an opportunity to partner with a leading global hotel operator, making it a compelling proposition for investors.”
The Hotel will be managed by leading international operator IHG Hotels & Resorts under the award-winning voco brand. voco was voted the World’s Leading Premium Hotel Brand at the World Travel Awards from 2021-2024, and is IHG’s fastest growing upscale brand. The developments biophilic design embraces green waterfalls, internal light wells, and ESG initiatives, creating a standout destination in the heart of Sydney.
The approved development includes six ground-floor retail tenancies and a large-format supermarket, ensuring diversified income streams. A vibrant Level 7 hospitality precinct is also proposed to offer an all-day dining restaurant, bar, private function space, and expansive outdoor terraces.
“With just 1,397 rooms under construction, Sydney’s hotel pipeline is exceptionally constrained — representing only a 5.3% uplift on the current 26,523-room base through to 2028,” said Colliers Hotels Executive Sam Abel. “In a tightly held-market, opportunities to develop new hotel product are limited, with few sites in the CBD offering such scale and optionality with zoning permitting a mix of uses including residential.” The project offers flexible and relatively low-risk pathways to pivot the scheme.
“430 Pitt Street offers a rare fusion of cultural vibrancy, commercial connectivity, and lifestyle amenity. Surrounded by world-class theatres, retail, transport, and the transformative $10 billion Central Precinct Renewal Program. This opportunity stands out as one of the most compelling hotel development projects in the region,” said Colliers Asia Markets National Director, Steam Leung.
430 Pitt Street is being offered via an International Expressions of Interest campaign, closing Tuesday, 16th of September 2025 at 4:00pm (AEST).
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