It's a Paradox. Trump Tower developer rebrands Sydney's Radisson
Capital gain
Sydney's historic Radisson Blu Plaza hotel, which was the original home of publisher John Fairfax & Sons, is being rebranded under the Paradox chain.
It will be the first Paradox hotel in the country. The brand is run by Macquarie University graduate and Canada's Trump Tower developer, Tiah Joo Kim.
The sandstone building at 27 O'Connell Street which covers the block to Pitt Street was built in 1856. After the Fairfax business vacated, it served as the Bank of New South Wales, then as a Westpac Bank before beginning its life in hospitality as the five-star Radisson Blu Plaza Hotel in 2000.
Malaysian-based TA Global has owned the property since 1997 and plans to expand the Paradox brand around the world. The group is run by one of Malaysia's richest families and has a global portfolio of hotels in five countries including Canada, Singapore, China and Thailand.
Joo Kim was appointed chief executive at just 36, overseeing the company's portfolio, including the development of Canada's then Trump International Hotel and Tower in Vancouver.
The rebrand will start on July 1 under the guardianship of the hotel's long-standing general manager Peter Tudehope, who is the former chairman of Tourism Accommodation Australia NSW.
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