Hunter Street mall developer Iris has locked in a deal with Event Hospitality to establish a luxury boutique hotel in the former David Jones building.
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Iris will announce today that the new hotel, to be known as QT Newcastle, will retain the property's historic exterior and include 106 rooms.
Event also runs a QT-branded hotel out of the former Gowings building in central Sydney and similar retro-styled QT establishments in Perth, Melbourne, Canberra, Bondi, Gold Coast, Falls Creek, Queenstown and Wellington.
It's portfolio includes 54 hotels, 142 cinemas. Its hotel brands include the Rydges chain.
The Newcastle hotel, on the corner of Hunter and Perkins streets, will include a rooftop bar.
Event Hospitality chief executive officer Jane Hastings said the hotel would be at the heart of the city's revitalisation.
