Increasing commercial and business tourism attracts investment

04 September 2013

Tourism Minister Leon Bignell has welcomed the decision by leading accommodation provider Quest to continue to invest in South Australia by building two new properties in Adelaide.

Quest has opened three South Australian properties in the past 15 months, including today’s official launch of its 70 Franklin Street property, and is on schedule to complete its fourth, King William South, in April next year.

Quest has today announced it is intending to open another CBD property and one in Port Adelaide as part of its South Australian growth strategy.

“Today’s announcement that Quest is bringing forward its South Australian growth plan is good news for the State’s tourism industry and our economy,” Mr Bignell said.

“It highlights the growing business confidence in South Australia which is coming off the back of significant State Government investment in infrastructure.

“The State Government’s $500 million Adelaide Oval project and $350 million redevelopment of the Convention Centre are transforming Adelaide into one of nation’s most vibrant tourism and conference destinations.

“This will attract thousands of interstate and international visitors to South Australia.
“Coupled with the new Royal Adelaide Hospital and new medical research centre, SAHMRI, Adelaide’s Riverbank precinct will rival anything in the country.

“I applaud Quest and local investor Theo Samaras for recognising this once in a lifetime transformation and I look forward to working with them to maximise the benefits of these investments.”

At the opening of the groups 70 Franklin Street property today, Quest Chairman Paul Constantinou said Adelaide is increasingly seen as a good place to do business.

“Adelaide’s reputation as a commercial and business tourism hub is flourishing, driven by growth in mining, manufacturing and aviation. Naturally this activity has stimulated demand for quality business traveller accommodation and why Quest has seen potential for business growth in this thriving state.”

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