Accor is set to open a Pullman hotel near Sydney Airport in May 2016 after signing a management agreement with Goodman to brand and operate a new, 229-room 5-star hotel.

The property, currently under construction and located in Mascot, is part of a AUD$100 million development project that will encompass extensive office and retail facilities.

Accor Pacific Chief Operating Officer, Simon McGrath, said the project will be a key development for Sydney.

“The Sydney hotel market has been considerably constrained over the last two years with occupancies idling between 80-90 per cent, hence the urgency for new inventory to service the high corporate and leisure demand in the city,” he said.

“Pullman Sydney Airport will not only add 229 rooms to Sydney’s bourgeoning tourism economy but it will be the first internationally branded 5-star hotel serving the international airport precinct.

“Airports are no longer considered transport hubs, they are transforming into complete entities where hotels, conference centres, retail and office spaces co-exist.

“Accor continues to lead as an airport hotel specialist and we are thrilled to partner with Goodman on this project which is a win for the economic growth of Sydney and our fourth airport announcement this year,” he said.

Goodman’s General Manager Australia, Jason Little, said: “We are excited to be partnering with Accor to bring a new 5-star hotel to the Sydney Airport precinct.

“The new mixed-use precinct provides the highest and best use for this prominent South Sydney site and complements the DA approved future development of two commercial office buildings, totalling 34,350 sqm, together with ground floor retail space.”

Pullman Sydney Airport will include 229 accommodation rooms and suites, a restaurant and bar, conference facilities and gymnasium. The hotel will offer an Executive Lounge – a hallmark of every Pullman hotel – adding a quiet and convenient space for guests to do business or relax.