Waking a sleeping beauty
After much anticipation, the Terminus Pyrmont in inner Sydney has re-opened after a thirty-year hiatus. Budget accommodation has been included as part of the latest chapter in the hotel’s history.
A small accommodation offering of nine rooms has been added to the Terminus Hotel in a nod to its roots, and to add another revenue stream to the business.
“[It’s] part heritage and balancing the risk. We didn’t think the entire venue would be viable as a bar and restaurant. We thought we’d balance the risk so that half of the venue is nine rooms of accommodation, and the other half is the F&B offering,” says David Mathlin one of the owners and property developers of Terminus Pyrmont.
The rooms are described as a “budget boutique” offering, tapping into a market that is rare in Pyrmont.
“We knew that there were plenty of $500-700 a night hotel rooms this side of Darling Harbour. Ours are $130 plus a booking fee, or $150 with the ensuites. Seven of them have shared bathrooms, but they’re budget accommodations that are very nicely finished.”
Indeed the rooms feel much more luxurious than what guests pay for them. Fitted-out with dark timber flooring and furniture, material headboards, brass accents and stucco walls, the rooms look very luxe. They each also have a basin, a safe and a small internal light that let’s guests know if the two communal bathrooms are occupied or not.
Having only re-opened two months ago, the venue has been a massive hit with both the local corporate and residential crowds. The team had booked four functions before the venue had even opened, as there was so much anticipation about the new Terminus. With it now fully operational, it’s safe to say that this beauty slumbers no more.
This piece was first published within a larger article on the Terminus Pyrmont in the current issue of Australian Hotelier. You can read the rest of the feature here.