Accommodation provider Quest has revealed plans to build 10 new properties across New South Wales by 2014 as it looks to tap into the burgeoning business travel market.
Construction at new locations in Albury, Shellharbour, Nowra and Orange will commence this year, with another five properties to follow next year. With a current portfolio of 21 properties across the state, the new additions will increase Quest’s room capacity in NSW by over 70%.
Its guest capacity will also increase 66% from 120,000 to 200,000 guests per year.
Quest chairman Paul Constantinou said the changes followed increased demand for business accommodation in underserviced areas.
“This investment follows the increasing need by business travellers for accommodation in the state’s regional and suburban hubs where traditional accommodation options are no longer meeting their needs,” he said.
NSW Premier Barry O’Farrell described the move as an "encouraging" investment which would help to ease accommodation shortages in areas outside of the CBD.
“Quest is building properties in areas where there has been significant investment in public and private infrastructure,” he said. “This commitment to investment in thriving regional and suburban locations across NSW demonstrates business confidence in long term growth across the state.”
Quest will also open new properties in Queensland, Melbourne, Victoria and Adelaide this year.
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