Quest to Build Serviced Apartment Supply by 70%

7th February 2013
Source: The Australian Financial Review, Ben Wilmot

Serviced apartments accomodation group to Quest has unveiled plans to build 10 new properties accross NSW by 2014, postentially lifting the numbers of rooms for business travellers in the state.If Quest hits its goal, it will be lifting its room supply by more than 70% in the state. It is focused on the suburban and regional areas. Quest chairman Paul Constantunou on Wednesday opened a new property at Sydney Olympic Park and said building would start at fice new locations in NSW this year. They are in Albury, Shellharbour, NOWRA, Orange & Liverpool. “We will continue this expansion, with another five properties to commence in the following year” Mr Constantinou said.