Toga Hotels will manage the Travelodge Hotel to be developed by the Andary Group, on King Street, Mascot -approximately 500m from the airport entrance.
The development will consist of a 209-room hotel, 800-space car park and 5100sqm of commercial space which will be located above the hotel.
Rachel Argaman, CEO of Toga Hotels, said: "We're excited to soon add a second airport location to our hotel portfolio, following our recent appointment to manage Travelodge Hobart Airport from October.
With airport capacity increasing and the new master plan for Sydney Airport, Travelodge Mascot will offer a convenient and great value option for business and leisure guests."
Toga Hotels' announcement comes as Sydney Airport finalises its Master Plan which is due for submission to the Australian Government by the end of this year.
"We're delighted to work with Toga Hotels on this exciting new development which will provide an alternative, quality hotel right on Mascot's doorstep. We anticipate the build to take two years, with the hotel open for business during late 2015," says Richard Andary, Managing Director of Andary Group.
Travelodge Mascot will take the number of Travelodge properties to 19 across Australia and New Zealand. Other upcoming Toga Hotels include Adina Apartment Hotel Royal Randwick Racecourse (late 2015) and Vibe Hotel and Conference Centre, Marysville (late 2014).
For more information about Travelodge Hotels, visit: travelodge.com.au or travelodge.co.nz
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