Sydney Morning Herald:Former Academy Twin Cinema in Paddington to be transformed into boutique hotel
SUE WILLIAMS SEP 4, 2020
To many movie lovers, it was itself a tragedy worthy of a story told on the big screen: an immensely popular cinema, a rumoured bitter row over rent, a tumultuous break-up and then a building deserted for nearly 10 years.
But now an old Sydney picture palace originally opened in 1911 with the film The Power of Love and seating for 2500 on two levels is finally to embark on a fresh $100 million affair.
The vacant Academy Twin Cinema and the iconic former restaurant-nightclub the Grand Pacific Blue Room on the Darlinghurst-Paddington border is set to become a boutique hotel, a rooftop restaurant and bar, function centre and medical facility, in a move many hope will rejuvenate the area.
“I think everyone is very excited by this,” said Corey Cooney, managing director of investment firm Boston Global which is undertaking the conversion project as a joint venture with developers Central Element. “It will bring that corner of the city back to what it should be.
“We’ll be retaining the facade to pay homage to its past but everything else will be brand new. It’s set to be a beautiful building once more.”
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