New 245-room Holiday Inn Express hotel will be built in Hindley St

ADELAIDE is to get yet another new hotel with Holiday Inn today announcing plans for a 245-room Holiday Inn Express in Hindley St.

An artist's impression of the planned hotel (Supplied)

The announcement follows last week’s announcement of a luxury $140 million, 250-room Sofitel Hotel for Currie St and after a swag of new hotels such as the Mayfair, Ibis, The Watson and two Quest developments have opened in recent months.

Adelaide Casino also has plans for a luxury hotel as part of its redevelopment linked to the Riverbank.

InterContinental Hotels Group and international investment company Pro Invest Group have signed a franchise agreement for the Holiday Inn Express which will open in 2018 at 62-68 Hindley St, on the corner of Blyth St.

LC House now occupies the 1785 sq m site, which was offered for sale for $5.95 million plus GST.

The site cashes in on the new Riverbank developments such as the upgraded Adelaide Oval, the $350 million expansion of the Adelaide Convention Centre, the casino redevelopment and the $3 billion Health and Bio-Medical Precinct housing facilities such as the new Royal Adelaide Hospital and the SA Health and Medical Research Institute.

The hotel is the third to be signed under the master development agreement between IHG and Pro Invest, which will see the investment company develop 15 Holiday Inn Express hotels across Australia by 2025.

Source : NEWS.com.au    April 27th 2015