The Veriu Group will open its first South Australian property, Veriu Adelaide, midway through 2024.

Developed in partnership with Pelligra Group, the project will transform over 5,000 square metres of vacant office space into a 111-apartment hotel.

Located in King William Street in the heart of Adelaide’s CBD, the property will offer a mix of modern studio, interconnecting studios and one-bedroom suites.

Combining light-filled, fully self-catering apartments – each one including a fully-equipped kitchen, desk and fast, high-quality internet – as well as comprehensive conference and meeting facilities, a gym and a guest laundry, it represents the perfect accommodation option for travellers seeking the comforts of home.

The decision to readapt existing underutilised office space hit hard by the pandemic for apartment hotel accommodation rather than undertaking a totally new build is a logical one for Veriu Group CEO Zed Sanjana.

“We see this as a great opportunity to take advantage of a prime site location in a new market for us – Adelaide – where we’ve identified growing demand for quality CBD accommodation. We are delighted to be partnering with the Pelligra Group on the first of hopefully a number of future opportunities together.”

Veriu Group Chairman Ross Pelligra said the plans to integrate the upscale Veriu Hotels & Suites brand into the building along with major upgrades to the commercial office levels and building facade will create a unique development.

“Pelligra Group sees the benefits as a long-term asset owner as well as those for our office tenants of providing convenient and important amenity to 80 King William Street through securing a hotel operator like Veriu with a proven track record and a guaranteed long-term lease structure.”