Event Hospitality & Entertainment Limited (EVENT) announced it has entered into a management agreement with CK Property Group for a new Rydges Hotel on the Wharf at Port Adelaide. Sitting on the last remaining, largely undeveloped heritage port area in any Australian capital city, Rydges at the Wharf Port Adelaide will open with 180 rooms, conference and meeting facilities and a locally inspired restaurant and bar.

With a prime waterfront location on the banks of the Adelaide River, Rydges at the Wharf Port Adelaide will be the closest hotel to South Australia's high-tech defence industry delivering the $50BN Attack class Submarines and $30BN Hunter Class Navy Frigate program. The hotel will also service the nearby Technology Park and Edinburgh Defence precinct as well as the other 7,000 businesses spread over 7,000 hectares of employment land surrounding Port Adelaide.

Norman Arundel, Hospitality & Entertainment Director of Hotels and Resorts said: “We are thrilled to be working with CK Property Group to deliver this outstanding hotel. With the growing Defence and Tourism sectors, there will be strong demand for this project and we look forward to Rydges becoming an integral part of the local community.

“EVENT has enormous enthusiasm for South Australia's vibrant Tourism and Travel sector. We recently opened the highly successful Atura Adelaide Airport and have also announced the QT brand will be coming to Adelaide. Rydges at the Wharf Port Adelaide will be our third Rydges Hotel in South Australia.”

CK Property Group joint Managing Director Walt Coulston said “We engaged with locally renowned architect Brown Falconer and created an iconic waterfront hotel design which will help revitalise Port Adelaide. Our focus will not only be on providing much needed high-quality accommodation to the nearby Defence sector, but also to create new amenity in the form of alfresco dining and various wine bars for everyone to enjoy. EVENT is the perfect partner for us, and we look forward to working closely with them to the benefit of all involved”.

South Australian Tourism Commission chief executive Rodney Harrex said the announcement was a major boost for the ongoing renewal of Port Adelaide. “We are very proud of our relationship with the CK Property Group and Event Hospitality & Entertainment and their commitment to invest in South Australia,” he said.

“Port Adelaide is seeing tremendous growth in business and leisure investment. We look forward to working with the team at Rydges at the Wharf Port Adelaide to support this new accommodation development.”

Further details regarding Rydges at the Wharf Port Adelaide will be announced soon.

-ENDS-

ABOUT EVENT HOSPITALITY & ENTERTAINMENT LIMITED

Event Hospitality & Entertainment Limited (EVENT) is a leading entertainment, hospitality and leisure company. Founded in 1910 and headquartered in Sydney, EVENT is at the forefront of the experience economy and delivers over 40 million customer experiences annually. From movies and adventure to travel and dining, EVENT believes that in an increasingly busy world, an outstanding experience can make the day better and create lasting memories.
EVENT own the largest cinema circuits in Australia, New Zealand and Germany under the brands Event Cinemas, Birch Carroll and Coyle, Cinestar, Greater Union and Moonlight Cinema. EVENT also own and operate more than 60 hotels including Rydges Hotels and Resorts, QT Hotels and Resorts and Atura Hotels. In the leisure space, EVENT operate Australia's much-loved ski resort, Thredbo Alpine Resort and one of Australia's oldest theatres, the State Theatre. The Company also owns a substantial property portfolio.
With over 9,000 employees, the Group shares a passion for creating truly exceptional customer experiences, world class hospitality and continuous innovation. EVENT is committed to protecting and giving back to the communities in which it exists through a focus on sustainability, fundraising and diversity.
EVENT listed on the Australian Securities Exchange (ASX) in 1962 and trades under the ASX code of EVT. It has a market capitalization of $2 billion.

ABOUT CK PROPERTY GROUP

CK Property Group is a national diversified real estate investment and development firm with active projects in Sydney, Brisbane, Melbourne, Adelaide & Perth and a development pipeline exceeding $500m AUD.
CK Property Group's current portfolio strategy focuses primarily on creating high return investment opportunities in Australia's leading alternative asset classes, being Hotels, Healthcare, Childcare & Aged Care as well as targeting sustainable residential and commercial development and investment opportunities.
All CK Property Groups past and current investments have been internally funded via our own balance sheet without the need for mezzanine finance or external equity.