BRUSSELS and SYDNEY, Aug. 27, 2026 /PRNewswire/ -- Radisson Hotel Group is pleased to announce the signing of Radisson RED Sydney Haymarket, a 328-room, new-build lifestyle hotel set to open in 2029. Located in the vibrant southern end of Sydney's Central Business District, the hotel will bring Radisson RED's bold, playful, and social approach to hospitality to one of Australia's most dynamic urban precincts.
The 31-story hotel will be positioned in the heart of Haymarket, within close proximity to Central Station, Sydney Light Rail's Haymarket station, Chinatown, Darling Harbour, the International Convention Center, leading universities, and Sydney's emerging Tech Central precinct.
Elie Younes, Executive Vice President & Global Chief Development Officer, Radisson Hotel Group, comments: "The signing of Australia's first Radisson RED marks an important milestone in our Australasia expansion plan. Radisson RED is a distinctive brand that offers a relevant and impactful proposition to both guests and owners. We are excited to partner with Ceerose on this project and are grateful for their trust in our brands and people."
Designed as an upper-upscale lifestyle hotel, Radisson RED Sydney Haymarket will feature 328 rooms, a restaurant, a lobby café-bar, a pool bar, meeting rooms totaling 218 square meters, an outdoor swimming pool, and a fitness center. The hotel will also include a dedicated early- and late-check-out lounge for guests, offering additional comfort and flexibility for international and domestic travelers.
The property's location, just 200 meters from Central Station and 6.3 kilometers from Sydney Airport, provides strong connectivity across the city and beyond. Its position at the gateway to the CBD also puts guests within walking distance of Sydney's key commercial, cultural, educational, and entertainment destinations.
The new-built tower is set to become a prominent addition to Sydney's southern skyline, overlooking the heritage of Grand Clock Tower and benefiting from strong visibility across surrounding residential and commercial areas.
Edward Doueihi, Founder and Managing Director of Ceerose, comments: "Radisson RED Sydney Haymarket has been conceived as a destination that reflects the energy and transformation taking place across this part of Sydney. Its location at the gateway to the CBD, close to Central Station, Tech Central, and some of the city's most important visitor and business precincts, creates a compelling opportunity for a new lifestyle hotel. We are delighted to partner with Radisson Hotel Group to bring a distinctive, globally recognized brand to this landmark development."
Radisson RED is Radisson Hotel Group's lifestyle brand designed for travelers who value bold design, social spaces, music, art, and a fresh approach to the hotel experience. The brand brings together informal service, flexible spaces, and a strong sense of place, creating hotels that are both functional and expressive. The signing of Radisson RED Sydney Haymarket further strengthens Radisson Hotel Group's development momentum in Australasia, where the Group continues to expand through a targeted mix of lifestyle, upper-upscale, resort, and conversion opportunities in key urban and leisure destinations.
ABOUT RADISSON HOTEL GROUP
Radisson Hotel Group is a rapidly expanding international hotel group, operating across EMEA and APAC with more than 1,640 hotels in operation and under development in over 100 countries. Guided by its brand promise, Every Moment Matters, the Group brings its signature Yes I Can! service ethos to every guest experience.
The Radisson brand portfolio includes Radisson Collection, art'otel, Radisson Blu, Park Plaza, Radisson RED, Radisson Individuals, Radisson, Park Inn by Radisson, Country Inn & Suites by Radisson, and Prize by Radisson—brought together under the commercial umbrella brand, Radisson Hotels.
Radisson Rewards is Radisson Hotel Group's loyalty program, which delivers an elevated experience that makes Every Moment Matter, counting more than 29 million members. As the most streamlined program in the sector, members enjoy exceptional advantages and can access their benefits from day one across a wide range of hotels in Europe, Middle East, Africa, and Asia Pacific.
Radisson Meetings provides tailored solutions for any event or meeting, including hybrid solutions, placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional, and Memorable, while delivering on the brilliant basics and being uniquely Carbon Compensated.
At Radisson Hotel Group, we care for people, communities, and planet and aim to be Net Zero by 2050 based on the approved Science Based Targets. With unique solutions such as carbon-compensated Radisson Meetings, we make sustainable hotel stays easy. To facilitate sustainable travel choices, all our hotels are becoming verified on Hotel Sustainability Basics.
The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group's portfolio are subject to health and safety requirements, ensuring we always care for our guests and team members.
For more information, visit Radisson Hotel Group on RadissonHotels.com. Or connect with Radisson Hotels on:
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Radisson Hotel Group strengthens its commitment to Australasia with the signing of the Radisson RED in downtown Sydney
Investment supports fileAI's expansion in Japan and the launch of fileScout, fileAI's proprietary unstructured data mapping & harnessing solution.
SINGAPORE, Aug. 27, 2026 /PRNewswire/ -- As artificial intelligence moves from experimentation into the core workflows of major enterprises, Asia is producing its own generation of enterprise AI companies built to address the region's most complex operational challenges.
fileAI, the enterprise intelligence company behind fileForge, has today announced investment from SMBC Asia Rising Fund, the corporate venture capital fund of SMBC, and Singtel Innov8, the corporate venture capital arm of Singtel Group.
More than a financing milestone, the investment underscores the inevitable advance of AI into the systems and processes that run large organisations, from finance and compliance to operations, procurement, and customer onboarding. It also strengthens fileAI's position as a homegrown Asian contender in the emerging global enterprise AI market.
The capital will support fileAI's expansion in Japan and deepen its investment in financial services capabilities as it scales its AI-native platform for enterprises managing complex, high-volume file and data workflows—while further connecting fileAI with some of Asia's most influential corporate ecosystems.
The announcement coincides with the debut of fileScout, fileAI's AI-native unstructured data mapping solution, which sharply cuts token costs when wrangling unstructured enterprise data. Combined with agentified data capture, validation, matching, and reconciliation, it publishes clean, verified, audit-ready records directly into the systems that run modern organisations.
Building Momentum in Japan and Financial Services
The investment from SMBC Asia Rising Fund follows fileAI's June 2026 partnership with JRE Ventures, the corporate venture capital arm supporting the JR East Group. That partnership established the foundation for fileAI's presence in Japan and its work applying governed AI agents to the digitisation and structuring of legacy contracts and operational documents.
The new investment extends that momentum, supporting fileAI's plans to build a local Japan team across sales, engineering, and customer success, while deepening relationships with enterprises navigating the transition from AI pilots to AI-powered production workflows.
With SMBC Asia Rising Fund contributing a deep network across banking and large regulated enterprises, the investment reflects growing confidence in fileAI's ability to bring governed AI into complex, high-stakes business environments.
In banking and financial services, these applications extend from statement and covenant extraction to KYC and onboarding checks, reconciliation, and regulatory reporting across large, multi-entity organisations.
As AI increasingly becomes embedded within enterprise infrastructure, fileAI is building the intelligence layer required to transform fragmented documents and unstructured data into governed, dependable workflows, designed in Asia for enterprises across the region and globally.
Leadership Perspectives
"AI will become an operating layer for every major enterprise, but that future cannot be built on fragmented data, unreliable outputs or endlessly expanding computing costs. Our third-generation processing pipeline and fileScout address that foundation, enabling organisations to transform their most complex unstructured data into trusted intelligence and production-grade workflows. Backed by some of Asia's most influential corporate ecosystems, fileAI's ambition is to build a global enterprise AI leader from Asia and to help the region's businesses become the most AI-enabled organisations in the world."
— Christian Schneider, CEO, fileAI
"Singtel Innov8 is excited to invest in fileAI as it builds a purpose-built AI platform to address one of the most persistent challenges in enterprise data. We believe there is a significant and growing need to turn complex, unstructured information into clean, structured data that enterprises can trust and use at scale. We see strong potential for fileAI as enterprises increasingly seek reliable data foundations to support AI adoption and unlock greater value from their data."
— Boon Ping Chua, Managing Director, Singtel Innov8
"At SMBC Group, we continue to drive digitalization and AI transformation across the Group to enhance both operational efficiency and customer experience. At the same time, we see strong demand for solutions that enable enterprises to unlock value from vast amounts of unstructured data and documents. We believe fileAI's capabilities in improving data accessibility, operational efficiency, and decision-making will become increasingly important in the AI era. We look forward to collaborating with fileAI and leading organisations to explore practical AI use cases and drive innovation across industries."
— Mayoran Rajendra, Managing Director - AI Transformation Department, SMBC
About fileAI
fileAI is the enterprise intelligence company behind fileForge, the leading platform for complex business process automation. Where most AI falls short in production, fileForge provides the structure, validation, and traceability that makes agentic AI reliable by design. It unifies data capture, preparation, governance, and orchestration into auditable, SOP-driven workflows that transform unstructured and semi-structured data into trusted, reusable process intelligence.
Trusted by global enterprises including MS&AD, Toshiba, PwC, KPMG, Nippon Paint, and Keppel, fileAI has processed over 1 billion files across finance, insurance, supply chain, healthcare, and core business operations — delivering governed automation and contextual reuse for the world's most complex workflows.
For more information, visit www.file.ai.
About SMBC Asia Rising Fund
SMBC Asia Rising Fund is a corporate venture capital fund co-established by SMBC, one of the leading banks in Japan, and Incubate Fund, one of Japan's leading seed and early-stage venture capital firms. The fund accelerates business development and strategic partnerships by investing in high-potential startups across India, Southeast Asia, and global markets, contributing to sustainable regional growth.
For more information, visit smbc-asiarising.vc.
About Singtel Innov8
Established in 2010, Singtel Innov8 is the corporate venture capital fund of Singtel Group, a leading connectivity, digital infrastructure and services group based in Asia, operating next-generation connectivity, digital infrastructure and digital businesses. Innov8 invests in and partners start-ups with promising innovations and possible applications for the Group's diverse business needs.
Innov8 manages a general purpose evergreen fund of US$250 million and an AI Growth investment fund of US$250 million which focuses on growth-stage AI companies in areas critical to Singtel Group's future, including customer engagement, network operations, cyber security, IT automation, horizontal enterprise AI platforms and vertical-specific AI solutions.
By leveraging Singtel Group's presence across 20 countries in Asia, Australia and Africa with a total combined reach of over 839 million mobile customers and partnerships with local and global stakeholders, Innov8 helps start-ups grow and go beyond their home markets.
For more information, visit innov8.singtel.com.
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SMBC Asia Rising Fund and Singtel Innov8 Back fileAI as Enterprise AI Adoption Accelerates Across Asia
