August 10, 2023 -- Tan Boon Lee, CEO of IGB Berhad, announced that following an extensive review, EVT Hotels and Resorts is the new operator of Sydney’s Tank Stream Hotel, with the hotel now operating under completely new EVT management.
Initially placed as part of the Independent Collection by EVT, the property will undergo a staged refurbishment over the next 9 months to minimise guest disruption and will be re-branded as Rydges Australia Square in mid-2024. Centrally located in the heart of the Sydney CBD, directly adjacent to Australia Square and just minutes from the Sydney Opera House, the planned refurbishment will encompass guest rooms, Ground Floor and Level 1 as well as food and beverage areas.
Norman Arundel, EVT Director of Hotels and Resorts said, “We are thrilled to be undertaking an exciting new partnership with IGB Berhad. The Tank Stream is currently the perfectly positioned Sydney CBD hotel, and when the refurbishment is complete the property will be a great addition to the Rydges portfolio of hotels and resorts. The Rydges brand continues to expand with this property becoming the 46th in the portfolio across Australia and New Zealand”.
Tan Boon Lee said, "We are pleased to partner with EVT in taking over the operation of the Tank Stream Hotel. We are also delighted to have a hotel under the Rydges brand by next year, which enjoys such a strong presence in Australia. We believe EVT’s experience, local agility and track record of market leading results will bring significant value to the future success of the property."
At a glance
- Company
- IGB Berhad
- Announcement
- Partnership
- Location
- Sydney, Australia
Key figures
- Planned refurbishment period
- 9 months
- Planned rebranding
- mid-2024
- Rydges portfolio position after rebranding, according to EVT
- 46th
- Rebecca Hamey's industry experience
- more than 15 years
People
- Tan Boon LeeCEO of IGB Berhad
- Norman ArundelEVT Director of Hotels and Resorts
- Rebecca HameyGeneral Manager of the Tank Stream Hotel
Products and programs
EVT’s Rebecca Hamey has been appointed General Manager of the Tank Stream Hotel. Rebecca has more than 15 years’ industry experience, most recently as General Manager of QT Bondi, and is looking forward to overseeing the renovation of the property. “It is hard to beat the location of the hotel, and I am looking forward to working with the team to transform the property and to bring the refreshingly local service that Rydges is famous for to our guests,” Rebecca said.
EVT looks forward to applying its extensive local expertise across food and beverage, conference and events, marketing, distribution and revenue services, to deliver exceptional results for IGB Berhad.
IGB Group Hospitality
IGB Berhad operates a diverse collection of hotels and serviced apartments including the CHM Hotel and St Giles Hotel brands. The Group’s hotels are spread across the vibrant cities of Kuala Lumpur, Johor Bahru, London, Heathrow, New York and Manila. IGB’s hotels provides savvy travellers a rare combination of privacy, strategic location, elegance and comfort complete with outstanding services and amenities.
The Group has officially opened the St Giles Southkey hotel end 2022 and will be reopening the Boulevard Hotel this year. In the United Kingdom, we are looking for expansion opportunities in key markets to increase our portfolio of hotels.
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About IGB Group
IGB Group is primarily a property company engaged in all aspects of the property industry. Its principal activities consist of property investment and management, owners and operators of malls and commercial buildings, hotel operations, property development, construction, the provision of engineering services for water treatment plants and related services, education, investment holding and management of real estate investment trusts. IGB Group is one of the largest listed property companies in Malaysia, and has a footprint which spans across Asia, Australia, the United States and the United Kingdom.
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IGB Group Corporate Communications
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In brief
IGB Berhad says EVT Hotels and Resorts has taken over management of Sydney’s Tank Stream Hotel. The property is operating under EVT management and will initially join EVT’s Independent Collection. A staged refurbishment is planned over the next nine months, covering guest rooms, the ground floor, Level 1 and food and beverage areas. The hotel is scheduled to adopt the Rydges Australia Square name in mid-2024. IGB CEO Tan Boon Lee described the arrangement as a partnership, while EVT said the hotel would become the 46th property in its Rydges portfolio across Australia and New Zealand after the rebranding. EVT has appointed Rebecca Hamey as general manager; the company says she has more than 15 years of industry experience.
Key takeaways
- EVT Hotels and Resorts has assumed management of Sydney’s Tank Stream Hotel.
- A staged refurbishment is planned over the next nine months, with work across rooms and public areas.
- The hotel is scheduled to be rebranded Rydges Australia Square in mid-2024.
- Rebecca Hamey has been appointed general manager.
