The Clarence Hotel Sydney 193 Clarence Street 50 Room Hostel Sydney, NSW 2000 $28,819,310 ($576,386/Room)

Savills Australia and New Zealand is proud to present The Clarence Hotel Sydney, a newly redeveloped freehold boutique hospitality asset in the absolute heart of Sydney’s CBD. This seven-storey property, including a lower-ground level, offers a rare opportunity to acquire a compact, efficiently designed hotel in one of Australia’s most tightly held and highest performing hotel precincts.
Strategically positioned at 193–195 Clarence Street, the hotel enjoys unrivaled connectivity and walkability to Sydney’s premier destinations, including the International Convention Centre, Barangaroo, Darling Harbour, Pitt Street Mall, and Martin Place. Guests benefit from convenient access to QVB, Wynyard, Town Hall, and the new Sydney Metro, ensuring exceptional appeal for both business and leisure travelers.
Reopened in December 2024 following a full-scale transformation, The Clarence Hotel features 50 stylishly appointed guest rooms, a fully equipped gymnasium, and significant food and beverage spaces designed to enhance the guest experience and generate additional income streams.
The ground floor comprises a 150 sqm restaurant and bar with DA approval for a full-service venue, currently in the process of being leased to an established operator. The lower ground level offers an 81 sqm speakeasy-style bar accessed via Kent Street, presenting a unique opportunity (STCA) for a hidden bar concept in one of Sydney’s most vibrant late-night precincts. Both spaces provide strong potential for rental income and long-term value creation.