South Australian premier, Jay Weatherill, this week announced a new Sofitel Luxury Hotel will be built in Adelaide’s CBD – the first internationally branded luxury hotel to be built in the city in nearly three decades.

Scheduled to open in 2018 in the heart of the city, the $140 million hotel development will form part of Adelaide developer and investor, Palumbo’s 106 Currie Street development in a 32-storey tower and managed by Accor.

The tower will comprise 80 apartments over the top eight levels with the remaining floors comprising the hotel’s suites and facilities.

Sofitel Adelaide will include 250 rooms and suites, with extensive leisure and business facilities, including a restaurant, four bars, ballroom, swimming pool, health and fitness centre, meeting and conference rooms and a signature Sofitel Club Lounge.

Chief operating officer Accor Pacific, Simon McGrath,said: “The development of the Sofitel will play a major role in further elevating Adelaide’s international profile and is a positive step for the city’s economic growth. It has been nearly 30 years since a hotel development of this status and quality has been announced in Adelaide’s CBD and it will help attract significant increases in tourism, business travel and conferences to the city.

“The demand into Adelaide’s visitor economy is growing despite new hotel supply entering the market last year, occupancy for the total market finished just under 80 per cent in occupancy. This growth is being fuelled by investment in infrastructure projects such as the Adelaide Oval and Convention Centre.

“The new-build Sofitel will open shortly after the stage two completion of the Convention Centre’s East Building and the proposed Adelaide Airport expansion which will drive additional demand into the city’s accommodation market – this a significant win for the economic development of Adelaide.”

Construction will begin in 2017.