Parramatta. EOI for new hotel in the CBD

Knight Frank, in Parramatta, has called for expressions of interest for the leasehold of a tavern to be included in St Hilliers Property's $100 million Exchange commercial development, in Argyle Street, opposite the Parramatta bus-rail interchange. The two-level tavern will include 30 gaming machines. The lease is for 20 years, with two five-year options. Construction of the building is expected to commence in May 2009, with an expected completion date 20 months later.