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Crown to Develop Six Star Hotel in Sydney

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Published on 03/08/12 - Updated on 17/03/22

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Crown Limited has announced it has signed an Exclusive Dealing Agreement with Lend Lease Corporation Limited to develop of a new six star hotel resort at Barangaroo South, Sydney.

Under the Exclusive Dealing Agreement, Lend Lease and Crown will work together to develop plans for a hotel resort at the $6 billion Barangaroo Project. The Exclusive Dealing Agreement provides Crown with the right to work exclusively with Lend Lease for a period of up to 24 months to reach agreement on certain key milestones for the hotel resort and to obtain the necessary development approval for the project, including from the Barangaroo Delivery Authority and the New South Wales Government.Crown and Lend Lease will work together to jointly develop the concept plan for the hotel resort which is expected to be located on the north west corner of Barangaroo South, adjacent to Sydney Harbour and Barangaroo Central.Crown recently announced its plans to develop a luxury hotel in Perth.

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